Foreign banks are aggressively implementing FATCA (Foreign Account Tax Compliance Act)
and are requiring US persons to complete Form W-9 (or similar document).
The information captured is sent to the US Treasury Department (IRS). Should I be concerned?
Key Factors to Consider:
Form W-9 captures your
Social Security #
The bank will tie the SS# to your bank accounts
The IRS will have your bank activity information
The IRS is extending its reach to foreign countries – the world is getting smaller.
Filing your FBAR (foreign financial account report) and tax return is absolutely critical.
Why choose Hola Expat?
Expertise
We specialize in US taxes for Americans living abroad, with clients in over 50 countries.
Sensible Prices
Our fees are very affordable. Compare us to other tax accountants.
Client Relationship #1
Our tax professionals are committed to quality work, and passionate about customer service.
How We Work
Meet Your Accountant
Your accountant will contact you to discuss your personal tax situation.
Send Tax Documents
You upload tax documents to a shared folder.
Tax Prep Underway
Tax return is prepared accurately (and in a tax optimized manner).
Draft Completed
Tax return is ready for review. Payment request is sent.