What Are The Tax Liabilities Of A U.s. Citizen Living In Uae?
April 25, 2023 ⚊ 1 Min read ⚊ Views 88 ⚊ BUSINESS
In addition to reporting foreign bank accounts, you may also need to report other foreign assets, such as real estate, investments, and business interests. The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to report information about their U.S. account holders to the Internal Revenue Service (IRS). This means that if you have foreign assets, the IRS may already have information about them.
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Tags: U.S. Citizen Living In UAE
