To Be Or Not To Be A US Citizen – Record Number Of US Expats Renouncing Citizenship In 2015

Figures recently released by the US Treasury have highlighted that a record number of American expatriates chose to renounce their citizenship in the first quarter of 2015.

American expats living outside the US now total over 7.6 million. In the first three months of 2015 alone 1,335 expats chose to give up their passports – nearly 40% of the 3,415 Americans who renounced their citizenship in 2014. This increase can be directly linked to growing tax regulations for Americans living abroad including the implementation of the Foreign AccountTax Compliance Act (FATCA) last year which requires banks to report details of all accounts held by US expats to the US authorities. If banks fail to disclose information, or they mistakenly give the wrong details, they could face massive penalties.

For US expats there is no escape from filing US tax returns. No matter where they reside in the world, Americans earning more than $10,000 per annum are required to file their taxes, even though more often than not they will be required to pay nothing, or only a minimal amount in tax, because of the foreign tax credits they receive.

US tax filing has only been further intensified this year as the IRS and Treasury have been actively enforcing the Foreign Bank Account Report (FBAR), which requires all US citizens regardless of their income to file tax returns if they hold one or more foreign accounts totaling more than $10,000. Failure to do so can result in hefty fines of up to $10,000.

The fear of penalties by the United States has increasingly led many UK banks to restrict the services available to expats to the point that some banks are even refusing to allow US expats to hold accounts rather than have to comply with the exhaustive demands of FATCA. Such restrictions have only served as an added incentive for expats already contemplating renouncement of their U.S. citizenship.

Renouncing citizenship is a very big step however and should not be considered lightly. If you renounce your US citizenship you give up all legal rights of being a US citizen and can only visit the United States for a maximum of 90 days a year. It also does not come cheap; the fee has recently quadrupled from $450 to a costly $2,350. In addition, if you owe money in taxes to the IRS prior to renunciation, this does not disappear, you will still be required to settle your tax bill.

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The Streamlined Process – What is it and How Does it Work?

The streamline program is a voluntary disclosure procedure for Americans who have not filed their US tax returns, or reported foreign assets from previous tax years.

First offered by the IRS in autumn 2012, the streamlined filing procedure has recently been expanded and modified to accommodate a broader group of U.S. taxpayers. Major changes to the streamlined procedure include:

  • Extension of eligibility to U.S. taxpayers residing in the United States
  • Elimination of the $1,500 tax threshold
  • Elimination of the risk assessment process associated with the streamlined filing compliance procedure announced in 2012

Criteria for eligibility 

The streamline procedure is available for both American tax payers residing within the United States (Streamlined Domestic Offshore Procedures), and for US expats (Streamlined Foreign Offshore Procedures).

To qualify you will need to prove that you did not file your taxes due to ‘non-willful circumstances’. According to the IRS

“non-willful conduct results from negligence, inadvertence, or mistake that is the result of a good faith misunderstanding of the requirements of the law”.

It does not include those willingly trying to commit tax evasion to avoid paying required taxes.

The Streamlined process

If eligible for the streamlined procedure, an individual must follow specific instructions to ensure their forms will be processed correctly as outlined below:

  1. If you’ve never previously filed a US tax return you will need to complete your return using Form 1040 (US Individual Tax Return) with the other necessary completed forms (including forms 3520, 5471 & 8938) for each of the most recent three years of missed US tax returns.
  2. If you have previously filed a US tax return you will need to submit a Form 1040X        (Amended US Individual Tax Return) with the necessary corresponding returns for each of the most recent three years of missed US tax returns.
  3. For both above situations at the top of the first page of each amended return you should include “Streamlined Foreign Offshore” written in red to ensure your forms are processed correctly under the special streamlined conditions. Failure to write this will result in your taxes not receiving the special processing and you will be required to pay the late fee penalties.
  4. You will also need to complete and sign a statement on the certification by U.S. person residing in the US form to confirm you are eligible for the Streamlining process and that your previous negligence to file your taxes correctly was from non-willful conduct and all outstanding FBARs have now been filed.
  5. It is important this form is completed, if it isn’t your returns will be processed normally and not under the special streamlining process. If this form is not completed and returned, your returns will be process normally, not under the special streamlining process.
  6. Submit payment for any tax and interest due on any of the returns. It is important you pay any outstanding monies in full otherwise a balance notice will be sent to you. You must include your taxpayer identification number on your check.

Things to note….

In order to participate in the streamlined procedure taxpayers require a valid Taxpayer Identification Number (TIN). For U.S. citizens, resident aliens, and certain other individuals their TIN is a valid Social Security Number (SSN).

If you do not have a Social security Number or TIN, submit an application for an TIN along with your required forms.

For individuals who are not eligible for an SSN or TIN their tax returns will not be processed under the streamlined procedures.

Submitting streamlined returns

All paperwork together with any payment must be sent in paper form to the following address:

Internal Revenue Service
3651 South I-H 35
Stop 6063 AUSC
Attn: Streamlined Foreign Offshore
Austin, TX 78741

Tax returns submitted under either the Streamlined Foreign Offshore Procedures or the Streamlined Domestic Offshore Procedures will be processed like any other return submitted to the IRS. Consequently, receipt of tax returns will not be acknowledged by the IRS and the streamlined filing process will not culminate in the signing of a closing agreement with the IRS.

Future tax returns

Following participation in the Streamlined Process, it is important to file your taxes fore all subsequent years using regular filing procedures in order to avoid any further penalties for neglecting to pay your taxes.

How we can help 

At Bambridge Tax Services we have an expert team of IRS enrolled agents who are on hand to guide you through each step of completing your taxes and make the whole process as smooth as possible.

We offer fixed rate fees and free initial  consultations so contact us today to find out how we can help you.

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Make Your Free time Enjoyable WithFashiontv Hot Videos

If you are sitting alone and have nothing fruitful to do, you can sink into boredom. You need something entertaining, to make your free time worth living. People generally try to watch the famous series, from the internet. If you think that you have finished watching all of the series, and you are not getting interested in watch more of them, you can switch the shows. Try to watch the shows you think will help you to forget about the world. Let your secret curiosity be exposed and watch the hot videos, which will be great for passing the time.

People look at the catwalk for various reasons. Some people are artists, and they try to follow the dresses and the designs of the videos. The aspiring models watch the videos, to watch and learn how to walk and present themselves in the ramp. The other people watch these shows because they get to see the beautiful woman with the impressive body. The confidence in their walking makes them look more attractive. If you want to see beautiful girls with gorgeous figures, you should watch the fashiontv hot videos. You should definitely find the best way to spend your free time.

The women you see walking on the ramp works hard on maintaining their perfect figure. They have to be flexible enough so that they can fit into any dress. They have to be the blank canvas in which the artist, that is the designer, experiment their art like dresses. So maintaining their body, skin and hair is very important for them. It is essential for them to be attractive so that people come and see them walking on the ramp. If you do not get any chance to watch them live, you can get to see them in the video websites. You can find the fashion tv hot video easily, on the internet.

If you are bored of watching the same funny series over and over again, it’s time for you to take a break from all of this and watch the fashion tv hot videos. See the best looking girl walking on the ramp, with confidence wearing the hot dresses. See how they carry those clothes confidently. You will not get a chance to see girls like them in those clothes, every day on the street. So bring out your curiosity as satisfy them by watching them from the internet.

If you have some more curiosity, then you will get a chance to discover the little incident in the world of fashion. Some incident changes the fashion show into a controversial one. You can witness the videos of wardrobe malfunction happening on the ramp. You can get thousands of videos like that. If you want to satisfy your curiosity to know, see that beautiful and gorgeous body, you need to search for the fashion tv oops. The videos can make you spend your free time in an exciting way. You will be able to satisfy your curiosity. These videos will make your free time worth spending on the internet.

Influence Of Television AndFashion Tv Hot Videos

Fashion and style have become the new identity of people. And with the latest progress in electronics media, men and women are becoming more fashion conscious with television shows and videos. It represents an idea and also an entire personality of people from different cultures. All the exclusive fashion channels and changing in the psychology of the people has helped in the progress of fashion entirely. Liberalism has also taken place as society is now considering the changes in style in a fair way without creating any fuss. Following fashion channels is thus, beneficial at different levels.

Costume designers and creators have got an excellent platform to express their talents via the media of fashiontv hot shows. Previously there was little or no opportunity for the artists to show their skills and bring them to the attention of the people. But fashion channels have made that possible with the association of digital media.  Moreover, students who are aspiring to become fashion designers can get ideas and techniques to implement in their work front and bring out the best innovations in the world. The designers can create new styles that blend with various cultures and bring them to people with television shows.

Models that are looking forward to join the world of fashion can get to know the dynamics of this industry with several fashion tv hot videos.  It helps women to groom themselves properly before they are finally going to walk the ramp. Models that are showcasecostumes of certain designer gains in popularity more rapidly, and are worn by people in occasions and also during the festivals. Thus, it also electronic media also helps attract the demand of the common mass. This in turn also motivates the designers to create newer outfits and continue to impact people on different levels.

Previously, fashion shows used to be a private affair, and only VIPs and aristocrats could see fashion shows. But television has blurred the thin line and has made fashion accessible to all. Every household, all over the world is able to keep track of the fashion world and follow it in daily life with fashion tv hot shows and videos. Not only the television but the internet also plays a similarly significant role in creating awareness amongst people and giving an opportunity to adapt it to the day to day life. Thus, shows like this have complementing and enhancing effects on people starting from designers to common mass.

Sometimes extreme exposure of certain costumes leads to videos like fashion tv oops.  These videos are able to create awareness amongst all the sections of the society. Models are able to learn tactics to save the moment of embarrassment and at the same time, the designer learns to check on the costumes and outfits before taking them officially on the floor. Hence, it is quite a proven fact that television helps fashion to travel to every household and evolve at the same time giving rise to another set of original style statements. Fashion shows has now became an life enhancing aspect.

Importance Of Free Delivery Code Without Any Limitation

Everyone loves to opt for free codes and coupons, as that helps them to save some of their money and choose for their favorite items. Now, at present, the importance of coupons and codes are elevating the needful quotient now. Therefore, it is always promising to get hold of those websites, from where you will receive discounted deals and coupons, absolutely free of cost! The codes and discounted coupons are available for different kinds of products, as there is no such particular restriction or limitation associated with these websites. There are featured vouchers available, along with some new vouchers and deals.

There are different categories, which are allotted while you are looking for Free Delivery Code services. Some are listed under featured option, where else; there are other deals, which are categorized under the seasonal category. Sometimes, if there are any new deals, which you need to be aware of, then these companies are always focusing towards the brighter side. The codes are available under the category, marked as a new segment. Whether you are looking for clothing or apparel or want to deal with the jewelry, there are various forms of vouchers and coupons, mainly used to help you now.

Want to know more about the Discount Code, which can be availed from these websites? In case, the answer is yes, then better your get listed with the online sites, and start researching for your items. Once you have registered with the online sites, it means you will not miss out on any of the discounted deals or coupons available. Just be specific about your needs and start through the entire list for some positive result available here. As these coupons are absolutely free of cost, therefore; you can get the right services from these companies now.

There are different types of services, which you will avail from these companies. Sometimes, there are particular forms of Voucher Code available, meant for free delivery service. Here, you have to buy the item and do not pay a single penny extra when that is delivered at your footstep. As the delivery service is free of cost, therefore; you have the liberty to save a lot of time. On the other hand, you will receive 10% off on various apparel sections, which can work in your favor too. If you are planning to buy suits for men, then opt for the new vouchers, which offer 40% off on some of the sales products.

Always remember that each Promo Code has a particular time limit and needs to be used within that time frame. If not, and if you are planning to buy the codes from online stores after the time gets over, then the coupons are of no use. Therefore, ensure to check out the coupon timing, before planning to invest time for these coupons. Moreover, these coupons are restricted to be used in some particular stores only. There are some discounts meant for virtual college codes too. Just browse through the website and start looking at the best suited discounted codes.

Find Your Partner From The Best Dating Sites For Over 50

Everybody needs a partner at some point in their lives. You need someone with whom, you can share your laughter and worries, and with whom, you can unburden yourself. You can only be happy in your happy times when you have someone beside you to share your happiness. You will feel lonely when you see other people are happy with their partners. You will also feel the need for a friend and soul mate. But if you are worried about getting the right partner for you at the age of fifty, then be assured, you will get that person if you can look through the right path.

A perfect partner is a necessity of life, and this is naturally desirable. So if you are single, and over fifty, you do not need to worry. You can find your soul mate at any age. It does not matter if you are single all along or divorced, you can find the perfect person for you. If you have queries about where to start, then you can rely on the internet. You can find the best dating sites for over 50 on the internet. Many people over fifty join the sites, with faith in their hearts that they will find their counterpart with whom they will spend the rest of their lives. You can find the person; you think will be able to be your strong support.

When you decide to join the dating websites, you have to fill up some basic details of yours and with the help of this information; you will be able to get the right person. You will be able to chat with the other people, and get to know them in a better way. The websites give you the facility to match your age with other people. You can try to filter people according to your criteria. These over 50 dating websites are responsible for bringing people over fifty, together.

You will get acquainted with many new people, and you will get a new meaning of life. If you are looking for an older woman, you can find them. If any older woman is looking for a younger man, she can also meet her person of dream. If you are scared of thinking what will it be like, then you should try dating the person, you think is right for you, because falling in love has no age barrier. You can always rely on the 50 plus dating websites.

People of that age generally look for serious relationships. They tend to find the people with the same compatibility and who will be the support of their lives. You must look for someone, with whom you will share the same passion, and you can rely on when you are in need. This is not about passing your free time; this is about taking the rest of your life seriously and holding the hand of the right person. If you are determined to find the perfect one for your life, you should try the mature dating from the internet.

Effect Of Fashion Tv Hot Videos On Women

While the history of clothing is ancient, the concept of style and fashion is a new one. To be more precise, the coining of the terms fashion and style is comparatively new as compared to the concept. The trend involving in the art of body covering has changed with each period of history giving rise to the aesthetics of styling. With the passing of time, styling aspects of men and women denoted a different period in history. Thus, lifestyle and fashion has a significant role to play in the past of world as well. After coining of the term fashion, many changes started taking place as it came into the limelight with the very first fashion show.

It is not only fashion that entered into the limelight with the shows, but the introduction of branded apparel was also new in this industry and to the world also. It changed how women used to assume fashion and grabbed the attention making many of them fashion conscious. Fashion shows and fashion tv hot videos are some of the factors that changed the apparel for girls and women. And finally, it evolved into what it is now today. Most importantly, with the era of globalization, media played a significant role in providing with the correct knowledge about fashion and style to the consumers thus, bringing a change, which turned into a revolution.

Now, shows involving fashiontv hot models are one of the most sought after television programs of all time. When fashion is never found in a static form, the shows represent how it is supposed to be carried out. Media has a huge role to play and has subsequently, established fashion industry as a big one. With the advent of digital and electronic media, girls are now more conscious about their figure and health and many of them are also preparing themselves to become models. Moreover, all these shows carry a message towards liberalization of women.

If you want to know what is latest fashion trending in the industry or want to take up some styling tips for your latest photo-shoot, then shows including fashion tv hot costume models can be beneficial for you. You can learn the necessary skill and expressions by watching several fashion videos and put up with a good act for yourself on the stage. However, flaunting expressions like that of a model can be a difficult task to do and to give the right expressions while walking on a ramp is considered as a talent in this industry.

Apart from all these facts, being a model is not an easy task to do. Creations by major designers can also result from a wardrobe malfunction and public disgrace. Videos including fashion tv oops is a great example that gives an idea of the situations to avoid both for the fashion designers and models. The role of media has become so vivid in society that people are expecting it to show the correct situation of the world including fashion industry. With fashion shows deep impacts are set on the overall mindset of the audience especially women and teenage girls.

Catching Up On US Tax Returns

The US taxes its citizens on their worldwide income, regardless of where they reside. This fact may come as a shock -  it has done to many of the estimated 7.6 million Americans living abroad. The IRS estimates that only half of all US expats are filing the required US tax returns each year – that leaves a lot of outstanding returns! Thankfully, the IRS created a program to get caught up that is ideal for expats who were simply unaware of their filing requirements.

You need to complete the last 3 years of US tax returns and 6 years for foreign bank account reporting (FBAR).

For More Information expat tax, us uk accountant, expat tax return

The Expert Contractors Of The Kansas City Roofers

The construction of a roof is the most crucial part of the entire house as it can cause many dangerous accidents if not constructed properly. The reason that most homeowners opt for the professionals when it comes to roofing solutions is because of the complexity and the significant damage that it can cause to the house. So if there is something wrong with your roof it is best not to try anything by yourself and wait for the experts to arrive at your house. The most important thing is that by hiring these professionals, you can avoid the costly mistakes that most novices will make.

The will not only provide you with high-quality services but will also save a lot of your time as they have a vast experience of working with various types of roofs. These Kansas City Roofers that provide such roofing solutions has a huge inventory and will provide you with all the materials that will be needed for the entire process. All these materials are of high quality and reasonably priced, but if you try to do it yourself, then you may find it hard to get all the materials for the roof. Most of these companies offer products that can be used for flat, low as well as steep slope roofs.

Another benefit of these companies is that along with roofing you will get quality siding solutions and lifetime warranties for all the materials that are used. Such a warranty will not only increase your trust on the company and its team but will also give you the peace of mind knowing that you are covered by the lifetime warranty. If you are getting new siding for your home, then you should know that there are various materials available for this purpose with the Roofing Contractors Kansas City mo. you will get vinyl, shingles, wood, fiber cement, and SSS siding with these companies. So you need to know about all these options in details from the representative of the company and choose the one that will complement the exteriors of your house.

All these materials have a unique characteristic and an advantage, so you need to know in details about them before you choose anyone. If you are not aware of all the aspects of these materials, then it is best to take help from the team of experts of the Vinyl Siding Kansas City companies who will come to inspect your house. But it is best if you chose the vinyl siding as it has a lot of advantages and will blend seamlessly with any house. So you can use it irrespective of the designing and theme of your house.

It is mainly because you will get a wide range of options in the vinyl profiles, textures, colors, accessories and the architectural trim. So you can customize it to fit with the design of your house. No matter how your house is styled, you can be assured that the vinyl siding will enhance the look of the exteriors of your residence. With all these Siding Companies you will also get huge discounts on various products and roofing and siding solutions.

The Durable And Authentic LP Smart Siding Kansas City Mo

If you are looking for siding solutions for your house, the it is advised that you hire the various companies that have a team of experienced personnel instead of looking for contractors who will charge less. Even though getting the right price is important the quality of workmanship and the materials is also very essential in such cases as the roof and the siding is an integral part of a house. So before you choose any company or installer, you need to ensure that they have a vast experience in this industry and are willing to provide a lifetime warranty on all the materials.

The reputed siding companies will also provide you with multiple options from which you can choose any one that meets all the requirements of your house. Most people tend to choose the LP smart Siding Kansas City mo technique due to the multiple features that this material offer. It is mainly because unlike the traditional options here you will get the benefit of both wood as well as fiber cement. Only state of the art manufacturing process is used for producing this particular material so you can be assured of its quality and efficiency. Either wood fiber or wood strands are used as the base and are treated with a compound that contains Zinc Borate.

The usage of Zinc Borate ensures that there is no fungal decay and termite attack on the wood fibers. This particular process of manufacturing is designed for this material to prevent any kind of termite damage, rotting and decaying of the wood. At the end of the process, the high quality exterior resin is used to give more strength to the woods so that they can stand the extreme weather conditions. With such LP smart siding kansas city, you will get only factory primed real wood grains that will give an authentic look to your exteriors.

Due to all these elements that are used during the manufacturing process, this material is much more durable than any other traditional option and can withstand even the most extreme situations. This is why if you are looking for a visually pleasing and long lasting solution then this is the best option for you. Not only this it is resistant to any kind of splitting, delamination, patches, rust and can even withstand hail. The superior impact resistant quality of the material is the another reason that it is used so widely by the various homeowners. But every material has a different and useful benefit so if you want variety, then you can also use the James Hardie siding for your residence.

Such fiber cement siding product can be very useful if you want to give your exteriors the look of masonry, woods or stucco. It is not only durable but is also natural looking and can be a great substitute for real wood. So instead, of spending on original wood, you can use fiber cement for your house as it is strong, termite proof and even fireproof in nature. Another option that is often preferred by the homeowners is the seamless siding which can be very useful if you stay at a place where there is frequent fluctuation in the temperature. SSS siding provided by the various seamless siding is strong and is also resistant to any kind of shrinking and bulging due to temperature fluctuations.