The Price of the Offshore Tax Crackdown

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f you're an American, July 4 likely holds some significance for you, even if that's only getting the day off from work, having a beer, and watching some fireworks. But if you're an American living overseas, July 1 may come to hold an even greater significance — the day the Internal Revenue Service's new overseas tax-collection rules took effect.  - See more at: http://www.thefiscaltimes.com/Articles/2014/07/04/IRS-Crackdown-Offshore-Tax-Cheats-Comes-Price#sthash.yTG3ylqI.dpuf
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