FATCA, Foreign Information Returns And The IRS Statute Of Limitations For Americans Abroad
Manage episode 358885009 series 3071154
March 24, 2023 - Participants include:
Virginia La Torre Jeker - @VlJeker
John Richardson - @Expatriationlaw
Taxes are a huge source of anxiety for Americans abroad. One concern is always:
How long does the IRS have to audit me after I have filed?
On March 23, 2023 Virginia La Torre Jeker published a post discussing this very issue.
This podcast is a nice summary of the post.
The bottom line is that:
The failure to file various "foreign information returns" will extend the "statute of limitations" - the time that the IRS as to instigate an audit.
Interesting the 2024 Biden Green Book contains provisions to tighten the noose even further!