Tax Blog
Contents1 Do Golden Visa Holders Pay U.S. Taxes and Report Assets?2 First, What is a Golden Visa?3 U.S. Tax on […]
Contents1 How Going Overseas Can Increase Your U.S. Tax Liabilities2 Case Study: Devin the American Who Wants to Reduce His […]
Contents1 Time to Bid Adieu to U.S. Citizenship?2 Timing Your Renunciation is Important: Taxes Before Immigration3 Does the Taxpayer Have […]
Contents1 What is U.S. Exit Tax?2 First, Net Worth vs Exit Tax3 Mark-to-Market Gains4 Eligible Deferred Compensation5 Ineligible Deferred Compensation6 […]
Contents1 What is Expatriation?2 Form 8854 is Not Only For Covered Expatriates3 IRS Form 8854 is Due When the Tax […]
Contents1 Streamlined Filing Compliance Procedures2 Non-Willfulness Requirement3 Taxpayer is Not Under Audit or Already Penalized4 Domestic Streamlined Filing Requirements5 Previously […]
Contents1 Streamlined Foreign Offshore Procedures 2 Non-Willfulness Requirement3 Taxpayer is Not Under Audit or Already Penalized4 Foreign Resident 330-Day Rule or […]
Contents1 Offshore Disclosure with Expatriation2 Covered Expatriate Status3 Post-Expatriate Tax Audit4 U.S./Foreign Assets May be Subject to Levy/Lien5 401K Withholding6 […]
Contents1 How to Report Foreign Bank Accounts 2 FBAR (FinCEN Form 114)3 Form 8938 (FATCA)4 Form 86215 Form 35206 Form 3520-A7 […]
Contents1 Do U.S. Taxpayers Who Become Expats Avoid U.S. Taxes?2 What is Worldwide Income Taxation?3 Treaty Election Citizens vs Residents 4 […]
Contents1 Expatriation Tax Planning for Long-Term Residents and U.S. Citizens 2 First, What is IRC Section 877A?3 Net Worth vs Exit […]
Contents1 How Expats May Avoid U.S. Tax without Evading it (Examples)2 Tax Avoidance3 Tax Evasion4 Late-Filing Disclosure Options5 Streamlined Filing […]
Contents1 Expatriation Tax Planning for Long-Term Residents and U.S. Citizens 2 First, What is IRC Section 877A?3 Net Worth vs Exit […]
Contents1 Expatriation Tax Planning for Long-Term Residents and U.S. Citizens 2 First, What is IRC Section 877A?3 Net Worth vs Exit […]
Contents1 Expats Beware of the IRS CP88 Notice of Unfiled Tax Returns2 First, Beware of Fear-Mongering, Free Consultations & False […]
Contents1 When U.S. Tax Help for Expats Goes Wrong2 U.S. Visa Holders with Income and Assets3 Foreign Income Not Included4 […]
Contents1 How U.S. Retirement is Taxed When You Expatriate 2 Retirement Plans in General3 U.S. Retirement Plans (401K and Equivalent)4 U.S. […]
Contents1 How to Handle Multi-Year Late or Amended Tax Filings 2 First, Beware of Fear-Mongering, Free Consultations & False Claims […]
Contents1 IRS Expat Tax Amnesty 2 Unaware of the Foreign Account/Income Requirements3 Non-U.S. Citizens with Foreign Accounts and/or Income4 Deceased Spouse […]
Contents1 Common Form 8938 Examples for Expats, Residents, and Citizens2 Who Has to File Form 8938?3 What are the Form […]
Contents1 Who Qualifies for Foreign Account Penalty Relief Procedures?2 Pre-IRS Foreign Penalty Assessment3 FBAR Penalty Assessment4 IRS International Reasonable Cause […]
Contents1 How New U.S. Persons File Taxes 2 Worldwide Income Taxation3 Foreign Bank Account Reporting (FBAR)4 Form 8938 (FATCA)5 Form 3520 […]
Contents1 The IRS To Eliminate ‘Automatic’ Late Form 3520 Penalties2 First, Why Are Form 3520 Penalties a Problem?3 What Will […]
Contents1 If I have a U.S. Visa, Do I Have to File Taxes? 2 First, What is the Substantial Presence Test?3 […]
Contents1 When Do I Calculate the Expatriation Tax and How2 First, Net Worth vs Exit Tax3 Mark-to-Market Gains4 Eligible Deferred […]
Contents1 How U.S. Expats Can Avoid Criminal Tax Violations2 FDAP vs ECI3 Treaty or Non-Treaty Country4 W-8 BEN to Reduce […]
Contents1 Do I Qualify for IRS New Voluntary Disclosure Practice (VDP)?2 Timing a VDP Submission is Crucial3 Taxpayers Must Certify […]
Contents1 Reporting Foreign Pension Income to the IRS2 First, Employment Retirement vs Personal Retirement3 Treaty vs Non-Treaty4 Form 1040 Tax […]
Contents1 5 Essential Compliance Factors for a Successful Offshore Disclosure 2 Willful vs Non-Willful3 Which Offshore Disclosure Program is Right […]
Contents1 Common Expat Foreign Account Reporting Examples2 Foreign Bank Accounts3 Foreign Stock Accounts and Individually Held Stock4 Foreign Mutual Funds […]
Contents1 IRS Form 3520 CP15 Notice Penalty Response2 Why Did Taxpayer Receive a Form 3520 Penalty?3 30-Days to Show Reasonable […]
Contents1 Understanding Australian Superannuation2 Is Your Australian Super Treated as U.S. Social Security?3 How are Employer Contributions Taxed?4 Are Voluntary […]
Contents1 Common Tax Mistakes About Ending Citizenship or Residency 2 You Must Be Compliant Before You Terminate Status3 Five-Year Tax […]
Contents1 Why Act 60 is Not an Alternative to Renouncing Citizenship2 Is Act 60 An Alternative to Expatriation?3 First, Taxpayers […]
Contents1 Foreign Pension Reporting on Taxes and FBAR2 U.S. Pension vs Foreign Pension3 Foreign Retirement Income4 FBAR (FinCEN Form 114)5 […]
Contents1 Foreign Account Penalties Post-Bittner 2 The New Standard for Non-Willful Violations3 Non-Willful Violations Limited to ‘Per Form’ and Not ‘Per […]
Contents1 How Long Should I Wait to Disclose My Offshore Accounts?2 Regain Peace of Mind3 Reduced Offshore Penalties4 Offshore Disclosure […]
Contents1 Form 3520 Penalty Explained2 First, a Gift vs Loan3 Individual Large Foreign Gift Example4 Entity Large Foreign Gift Example5 […]
Contents1 Is an IRS Intent to Levy (LT11) Preventable2 What is an LT11 Notice?3 What is an IRS Levy?4 When […]
Contents1 Trolling for Foreign Account, Asset, Trust & Gift Fines2 Are the Streamlined Procedures Right for You?3 Automatically Assessed Penalties […]
Contents1 What is IRS Form 86212 What is a PFIC?3 PFIC/CFC Crossovers, GILTI, Subpart F and Excess Distributions4 Which Forms […]
Contents1 Navigating U.S. Tax and Immigration Issues2 Worldwide Income3 Opening Foreign Accounts4 FBAR Reporting and FATCA Disclosures by Banks5 Owning […]
Contents1 An IRS Form 8833 Beginner’s Guide 2 What is Form 8833?3 Expatriation Tax Trap4 Not all Treaty Elections Require a […]