tag:blogger.com,1999:blog-1711537157381628047.post1739577396770109265..comments2024-03-09T00:44:05.249-05:00Comments on The Buzz About Taxes: Offshore Voluntary Disclosure Program: The Basics (2013)The Buzz About Taxeshttp://www.blogger.com/profile/11646407872535500030noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1711537157381628047.post-18036178324237581382014-11-06T07:04:47.834-05:002014-11-06T07:04:47.834-05:00Thank you Puneet. Thank you Puneet. The Buzz About Taxeshttps://www.blogger.com/profile/11646407872535500030noreply@blogger.comtag:blogger.com,1999:blog-1711537157381628047.post-33972216519073518912014-11-06T07:04:26.132-05:002014-11-06T07:04:26.132-05:00Thank you Raju Kumar Sinha. Thank you Raju Kumar Sinha. The Buzz About Taxeshttps://www.blogger.com/profile/11646407872535500030noreply@blogger.comtag:blogger.com,1999:blog-1711537157381628047.post-70490240289949849402014-05-13T07:29:19.678-04:002014-05-13T07:29:19.678-04:00Yes, For this comments discussion. This is good po...Yes, For this comments discussion. This is good post with helpful information and comments also very helpful.Ben Warenhttps://www.blogger.com/profile/01133399604701165057noreply@blogger.comtag:blogger.com,1999:blog-1711537157381628047.post-5021796789938842432013-12-09T16:11:01.809-05:002013-12-09T16:11:01.809-05:00Brian, thanks-it's always good to get back inf...Brian, thanks-it's always good to get back information about "real time" clients. There are some groups in the US & some countries like Canada & India lobbying for a delay in implementing FATCA. However, it is safe to say that the implementation is coming-sooner or later. The Buzz About Taxeshttps://www.blogger.com/profile/11646407872535500030noreply@blogger.comtag:blogger.com,1999:blog-1711537157381628047.post-65852600711930960592013-12-09T15:25:41.030-05:002013-12-09T15:25:41.030-05:00Action is already occurring under the new tax trea...Action is already occurring under the new tax treaties. This week, a client of mine received a letter from the custodian of his mutual funds in France asking if he is a US resident. As Enrolled Agents like you are aware, a US resident is taxed on worldwide income but a nonresident is only taxed on US income. My client met one of the rules for classification as a US resident starting in 2011. (The test based upon presence in the US is one of the more complicated subjects studied for the Enrolled Agent exam.) Unfortunately, my client forgot to tell me about his French mutual funds. The good news is that he has no unreported income from these holdings – at least, that’s what he says now. Nevertheless, he missed the requirement for filing FBAR reports.Anonymoushttps://www.blogger.com/profile/11523294696142986335noreply@blogger.com