The following message is for those
employees who are U.S. citizens, dual citizens or green card holders, regarding
tax filing requirements. This message may also be relevant to individuals who
have renounced their U.S. citizenship or whose spouse and/or children are U.S.
citizens, dual citizens or green card holders.
As a U.S. citizen, dual citizen or green card holder, you may have Internal Revenue Service (IRS) filing requirements even if you no longer reside in the United States. Penalties for non-compliance can be significant, even when no taxes are owed. Also, certain elections may need to be filed to be compliant with pension income requirements.
On June 26, 2012, the IRS announced new procedures regarding tax compliance for U.S. citizens and green card holders living abroad. More details are included on the IRS’ website at: http://www.irs.gov/uac/IRS-Announces-Efforts-to-Help-U.-S.-Citizens-Overseas-Including-Dual-Citizens-and-Those-with-Foreign-Retirement-Plans
Affected employees (and/or employees’ spouses or children) are advised to discuss this matter with their U.S. tax advisor and to take appropriate steps, accordingly.
For more information, contact:
Tracey McHardy at firstname.lastname@example.org or 966-2461