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Posts by brunorolaw:

FATCA Reporting

FATCA Reporting and Filing Requirements

In 2010, the United States created a federal law to combat foreign asset tax evasion called the Foreign Account Tax Compliance Act (FATCA). FATCA reporting applies to U.S. taxpayers and depends on a monetary threshold of foreign financial assets. Here’s everything you need to know about FATCA Reporting and From 8938.

do green card holders pay taxes

Do Green Card Holders Pay Taxes?

A Green Card doesn’t excuse the payment of taxes or compliance with tax reporting laws. Income tax compliance and disclosure laws apply to all permanent U.S. residents, including those with a Green Card. In fact, there may be fewer benefits available for Green Card residents, higher reporting requirements, and a more difficult entry and re-entry process.