Tag Archive: foreign source assets and accounts

A reminder to those with Foreign Assets or Accounts.

Written by April 21, 2017

The Internal Revenue Service reminds U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2016, that they may have a U.S. tax liability and a filing requirement. Federal law requires U.S. citizens and resident aliens to report any worldwide income, including income from foreign trusts and foreign bank...