John Andes, tax partner at KPMG Thailand, will provide a overview of US taxpayers’ 2012 US income tax and information reporting requirements, including a discussion on the Report of Foreign Bank and Financial Accounts (FBAR) and the Statement of Foreign Financial Assets (Form 8938).
Mr Andes will also discuss the American Taxpayer Relief Act of 2012 (ATRA), enacted on January 2 this year. This law has wide ranging consequences for all US individual taxpayers for 2013 and onward.
It both extended the “Bush tax cuts” for many middle- and lower-income taxpayers and significantly increased the tax rates for high-income individuals. ATRA, along with previously enacted new Obama Care taxes taking effect in 2013 will significantly affect all US taxpayers.
Mr Andes will also present an overview of the Foreign Account Tax Compliance Act (FATCA) and its impact on US taxpayers.
The seminar will begin with registration at 11.30am in the Holiday Inn Conference Room.
Entry will cost B750 for Amcham members and B1,000 for non-members. The price will include a buffet lunch from midday to 12.45pm, followed by Mr Andes’ presentation.
Amcham members may book and pay online here.