As American expats and their tax preparers come down to the final stretch of the Oct. 15 Foreign Bank Account Reports (FBAR) deadline, concerns are emerging over whether the data they’re about to send to the U.S. could, at some point, fall into the wrong hands.
Americans who are tax-resident in the UK, and who have recently received Economic Impact Payments from the U.S. government (or who receive them in the weeks and months ahead), will not have to pay tax to HMRC, London-based U.S. tax expert David Treitel says.
In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...
Mar-18-2023
