Why Americans are massively giving up citizenship

The prospect of tycoon Donald Trump becoming president has Americans considering moving out of the country. Google previously reported a surge in searches for “moving to Canada” after New Year’s Day in March. The Washington Post analyzed the data and came to the conclusion that Trump is not the possible...

Telephone fraudsters calling from "tax authorities" arrested in Miami

Five Cuban citizens are arrested in Miami, Florida on phone fraud charges. The investigation claims that the participants in the criminal scheme they organized presented themselves as employees of the US Internal Revenue Service (IRS) and received more than $ 2 million illegally. In total, about ...

Currency residents of Russia must report on accounts in foreign banks before June 1

Russian citizens, including many who permanently reside abroad, must report by June 1 on the movement of their funds in foreign bank accounts, in accordance with the updated law “On Currency Regulation and Currency Control.” Tax...

Panama Dossier: US launches criminal investigation

The U.S. Attorney's Office for the Southern District of New York has launched an investigation into a journalistic publication based on the so-called Panama Papers. The Guardian newspaper, which participated in this investigation, published on its website a copy of the letter received by the International Consortium of Investigative Journalists from the US prosecutor's office. It says that...

Filing a tax return: in which cases an audit may be required

On April 18, the deadline for filing US tax returns expired. Last year, the Internal Revenue Service (IRS) raised an additional $ 25 billion through post-filing audits. Half of this amount was collected from individuals. The reasons for conducting an audit can be different. First ...

Taxes as a holiday: what gifts do they make to the company's clients on the day they pay taxes

This year, on April 18th, tax deadline, some companies will offer free goods and services to taxpayers. Many companies have taken such actions for the sake of PR and marketing. But this does not mean that Americans should miss the opportunity to take advantage of the freebies. MarketWatch…

A quarter of Bernie Sanders’s income in 2014 was social benefits.

The Democratic nominee for the US presidential nomination Bernie Sanders released his 2014 tax return, according to which almost a quarter of the politician's family's profits were social payments. The document was published on the official website of the candidate. According to the declaration, Sanders and ...

Putin showed income statement

Russian President Vladimir Putin earned $ 2015 (134 million rubles) in 8,9, according to a declaration posted on the Kremlin's website. According to the document, the head of state owns a land plot of 1500 square meters, an apartment (77 square meters) and a garage. In use by ...

In Illinois, they want to introduce a new tax on cars

An Illinois senator has proposed replacing fuel excise taxes with a new “mileage” tax. This proposal was introduced due to the widespread adoption of electric vehicles in the state. The fall in oil prices also played a role, which resulted in a reduction in the amount of funds collected. “If all cars were electric, then...

The deadline for filing your tax return is extended by three days.

The IRS changed the filing deadline this year. The traditional date for the deadline - April 15, 2016 - this time falls on Friday, and on this day, Liberation Day will be celebrated in Washington, which is a weekend ...

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