Tax Returns / FATCA / FBAR Services
Tax Returns / FATCA / FBAR Services
IRS/FATCA stress?
IRS/FATCA stress?
ATB is the premier U.S. tax advisory and preparation firm in Kuwait and the GCC. ATB is not a U.S. Government entity or part of the IRS. Hilmi Hakim, owner of ATB, is a Certified Public Accountant licensed to prepare tax returns and authorized to report foreign bank accounts to the U.S. Treasury.
Please reach us at info@americantaxagency.com if you cannot find an answer to your question.
As a U.S. citizen you are required by Federal Law to file a tax return - even if you earn all of your money abroad, even if you have not recently visited the USA, and even if you hold an additional citizenship in another country.
You are still required to file a U.S. tax return regardless of any exclusions or deductions available to you. Filing a tax return does not necessarily mean you owe a tax.
The IRS requires that you report any foreign bank accounts if the aggregate balance of all your accounts exceeds $10,000 at any time during the year. Failure to file the Foreign Bank Account Report (FBAR) may result in a $10,000 penalty per account for each year not filed.
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