Editorial team of TFX
Articles
What's New for 2011 Tax Year
The most predictable element of taxation law is its ability to change. In fact, tax law can change multiple times in a single year. This keeps tax professionals in steady work and the rest of us sufficiently perplexed.To make things a little simpler for the average taxpayer, however, the IRS has released a list of the most important and relevant ...
Expat Taxes in 2012 - What Is New
1) Recent Requirements for Foreign Investment Account Reporting (FATCA) Under the guidelines of the new Foreign Account Tax Compliance Act (knows as FATCA), certain U.S. taxpayers will be required to file Form 8938 (Statement of Specified Foreign Assets) along with their standard tax forms. If this form is required and not submitted, ...