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For the seventh time….. My not so infamous, semi-annotated Table of Contents
ОглавлениеThe ‘preliminary’ stuff – you know, the sort of pages that are at the start of each and every book you see.
A book introduction for the very seventh time – where I start opinionating – with varying degrees of cynicism and humor thrown at the start to try to make things enjoyable. Included here, right at the start, though, is all you need to know as an overseas filer about what is ‘new’ this year. Yeah, there are some things different but why not put them right up front?
A ‘real’ executive summary of the U.S. tax system – as it applies to expats (both citizens and green card holders) and non-residents with ‘reportable’ U.S. investments (WARNING: some of this writing is quite boring!)
•What is income?
•‘The’ executive summary for overseas U.S. tax return filer
•FAQs
•The 1040NR section
FATCA and FBAR – some history, how these programs have evolved, what’s now happening, what does the future portend (including the OECD’s CRS scheduled for 2017) – Hey, there are actually two sections here – if I do say so, myself, this is some good writing!
The forms you have to be aware of, living outside of the United States, cynically annotated but still boring!
Schedule B, Part 3 of the 1040
FinCEN 114
926
8938
2555
1116
8965
5471/8865
8858/8858 Schedule M
3520
8621
8832
14653
Capital gains and capital loss transactions – a refresher – before they change it and increase rates
Penalties, interest and the statute of limitations – Better to be aware of these – they truly can ruin you!
Streamlined Procedures – take advantage of this while it lasts if you are eligible: this is as close as you’re ever going to get to an IRS amnesty!
Returning to the United States after a lifetime overseas
Expatriation as an alternative that you might seriously want to consider – especially if you are an overseas business person and have to endure the indignities of FATCA
‘Nine Essays from a Trans-Pacific Rock n Tax Man” - If you think that an autobiography of a bean counter is going to be boring, then you are in for a really big surprise!!!!!