6. Worldwide clients

6. Worldwide clients The IRS can tax US persons' -- not just US citizens -- on their worldwide income. So this is an easy mistake for a lot of people as no one ever told them . So how many people can get caught up with making a mistake with this incredibly powerful and complicated IRS? Well here are some stats. there are an estimated 7 million expats around the globe who may not have been filing taxes and making proper reporting to the IRS, there are an estimated 6 million dual citizens living in the US who may not have been reporting income or assets from their home country, and there is another 2 million or more visa and green card holders in the uS who never knew that income they earned outside the US is subject to taxing and regulation by the IRS. That's 15 million people. That the population of the the biggest US cities New york, LA and Chicago! 15 million who should count themselves lucky if they have been reporting their income and foreign bank accounts correctly. http://ift.tt/1ofcjUz Anthony Parent