We live in the age of globalization. Businesses are not confined to specific geographic boundaries. Business owners functioning either on a small scale (like the sole proprietor of a costume rental ...
Discover the role of the financial account in the balance of payments, covering claims on nonresidents and assets like ...
Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Many people face the dilemma of what to do with old tax returns ...
The Report of Foreign Bank and Financial Accounts (FinCEN Form 114) commonly called the FBAR is a crucial reporting requirement for U.S. persons with foreign financial accounts. With the deadline for ...
The millions of Americans who live and work outside of the United States face unique and challenging planning issues due in large part to their native land's unique tax policies on citizenship-based ...
Budget 2026 introduces a six-month window to regularise undisclosed foreign assets with reduced penalties and immunity under the Black Money ...
In December, the Income-tax Department sent SMS and email alerts flagging mismatches in reported income and non-disclosure of foreign assets. This article explains how such information reaches the tax ...
OTTAWA--Canada's net international investment position increased for a fifth consecutive quarter in the final months of last year, driven largely by the depreciation in the currency against the U.S.
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