I would like to introduce you to my first ebook. It is small, but I hope packed with some good information you will find useful. Please visit Getting Familiar With David Panama from Amazon.
Here are some sites which can give the details of the laws and reporting forms. Please note these are current for 2012 year filing. HIRE ACT 2847 http://democrats.waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/media/pdf/111/HR2847_HireAct.pdf http://www.lexisnexis.com/legalnewsroom/tax-law/b/fatcacentral/archive/2010/03/26/fatca-provisions-in-the-hire-act-h-r-2847.aspx Form 8938-Included with annual income tax return http://www.irs.gov/PUP/businesses/corporations/Summary%20of%20FATCA%20Reporting%20for%20US%20Taxpayer.pdf http://www.irs.gov/pub/irs-pdf/f8938.pdf Form TD F 90-22.1 -FBAR reporting before June 30th of the following year of reporting http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Foreign-Bank-and-Financial-Accounts-(FBAR) […]
FATCA The one thing you should learn from this article is that FATCA is a US law. However, how US banks and foreign banks choose to handle their US accounts regarding this law is changing. No one will know how it will exactly be implemented even as we are close to the date of its […]
ATM’s in Panama Atm’s are the way lots of expats get money here to live on from bank accounts they have in the states and Canada. Some banks charge transaction fees per withdrawal and others do not. For those who do not have any accounts in Panama, the latest ATM problems were a big problem. […]
Opening a Bank Account in Panama Everywhere you look there are banks here. And just when you thought you had spotted them all, they build another one. For Panamanians getting a bank account is much easier than for foreigners. Unlike the United States and Canada, you can’t just walk in and open an account in […]