FRAUD NOTICE:

If you are an expat paying tax in the United States, you will need to be sure that you are compliant with the annual income and asset filing requirements. Not only will taking steps to understand your obligations help you ensure that you are in line with the law, it also gives you the clarity to plan and structure your wealth and tax affairs so that you can move towards your longer term financial and retirement goals.

Here we look at some of the forms you may need to complete.

On 20 December 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law*. The bill had already passed the House in a resounding 417-3 vote, and the reasons why it had near-unanimous bi-partisan support are clear.

SECURE promises to herald new ways of thinking about, and preparing for, retirement as the US moves into the 2020s. The Act seeks to enhance the coverage of qualified plan rules, not least by allowing smaller employers to collaborate so they can offer their staff 401(k) plans and, in a move that answers a frequent criticism, by giving long-standing part-time workers access to 401(k) plans.