U.S. Taxes and Reporting for non- U.S. Investors

Interactive Brokers

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U.S. Taxes and Reporting for non- U.S. Investors

Nancy A. Nelson CPA, Interactive Brokers

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IRS Circular 230 Notice

The information in this presentation is provided for informational purposes only, and does not constitute tax advice and cannot be used by the recipient or any other taxpayer to avoid penalties under any federal, state, local or other tax statutes or regulations, or to resolve any tax issue.

F ? Foreign A ? Account T ? Tax C ? Compliance A ? Act

FATCA

Hot Topic everywhere ? impacts everyone investing or holding accounts.

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FATCA Basics

Attempt by US Congress to capture tax revenue from what may be a small number of US Citizens who have invested assets abroad to avoid US taxation.

Taken on global significance as other countries have taken the opportunity to capture underreported income in their countries with information/report sharing agreements ? called Model agreements.

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FATCA is like a House

Recently I saw a diagram that said that FATCA is the roof on a house with the house foundation and structure formed by long standing tax statue

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