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2. Foreign Account Tax Compliance Act - Wikipedia

   en.wikipedia.org/wiki/Foreign_Account_Tax...

   The Foreign Account Tax Compliance Act (FATCA) is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report such assets and identities of such persons to the United States Department of ...

3. Here’s why the IRS would want to audit your taxes - AOL

   www.aol.com/finance/why-irs-want-audit-taxes...

   For example, the IRS reviewed 0.2% of all individual tax returns for tax year 2019. That rate tripled to 0.6% for taxpayers reporting $1 million to under $5 million, 1.0% for taxpayers reporting ...

4. IRS tax forms - Wikipedia

   en.wikipedia.org/wiki/IRS_tax_forms

   1040. As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

5. Swiss annuity - Wikipedia

   en.wikipedia.org/wiki/Swiss_Annuity

   A Swiss annuity is considered a foreign financial account and reportable to the U.S. Department of Treasury each year by filing Form TD F 90-22.1 (the "FBAR"). Further, a Swiss annuity generally is considered a specified foreign financial asset, which must be reported annually using IRS Form 8938 assuming the value is above certain thresholds.

6. 5 red flags that can trigger a tax audit from the IRS - AOL

   www.aol.com/finance/5-red-flags-trigger-tax...

   While the overall audit rate for 2018 was 0.6%, the chances of being audited was much higher for high-income earners. Taxpayers reporting income from $500,000 to $1,000,000 were almost twice as ...

7. Foreign earned income exclusion - Wikipedia

   en.wikipedia.org/wiki/Foreign_earned_income...

   The exclusion is an election. Taxpayers may claim the exclusion only if they file IRS Form 2555 or Form 2555-EZ. The form must be attached to a timely filed U.S. Individual Income Tax Return (IRS Form 1040) for the first year of election, or an amended timely filed return. IRS regulations allow the election with late-filed returns in some cases ...