Tax Blog
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 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 […]
Contents1 Overview of Foreign Pension for U.S. Expats2 First, Employment Retirement vs Personal Retirement3 Treaty vs Non-Treaty4 Form 1040 Tax […]
Contents1 Does an IRS Notice CP508C Mean You Lose Your Passport?2 26 U.S. Code § 7345 – Revocation or denial […]
Contents1 Common Pitfalls for Expats with Undisclosed Overseas Accounts2 What IRS Tax Forms are Required for Foreign Accounts?3 FATCA Letters […]
Contents1 Hastily Prepared Offshore Disclosures are Ill-Fated & Risky2 You Just Learned You are Non-Compliant and Want it Done ASAP3 […]
Contents1 Voluntary Disclosure of Foreign Accounts, Assets and Income2 Which IRS Foreign Tax Forms are Required?3 Offshore Voluntary Disclosure (VDP/OVDP)4 […]
Contents1 Tax Warnings For Green Card Holders/Permanent Residents2 Permanent Residents Can be Subject to Exit Tax3 The Pre-Expatriation Gifting Rules […]
Contents1 Common Tax Problems & Solutions for Citizens and Green Card Holders2 Make a Treaty Election3 Plan Before Acquiring Foreign […]
Contents1 How to Certify and Non-Willfulness Avoid Streamlined Mistakes2 Common Streamlined Filing Compliance Mistakes to Avoid3 Properly Analyzing the Willfulness/Non-Willfulness […]
Contents1 You Can Make an Error on Schedule B and Be Non-Willful2 IRS Understands that Schedule B FBAR Mistakes Happen3 […]
Contents1 What is IRS Form 8938, Who Must File & Report Foreign Assets 2 When is Form 8938 Required?3 Taxpayers […]
Contents1 What is an Offshore Tax Law Specialist?2 First, Becoming a California (Board-Certified) Tax Specialist3 Is a CPA ‘Board’ the Same […]
Contents1 IRS Form 8938 Reporting Thresholds for Expats2 Single Taxpayer Living in the U.S.3 Single Taxpayer Living Abroad4 Married Taxpayer […]
Contents1 Is an IRS Streamlined Disclosure the Best Option?2 Taxpayer is Willful3 Taxpayer Did Not File Original Tax Returns (Domestic […]
Contents1 Does Offshore Disclosure Require Expats to go to IRS In-Person?2 VDP (Voluntary Disclosure Program)3 Streamlined and Delinquency Procedures4 Examinations, […]
Contents1 The IRS Targets Form 3520 & 3520-A Compliance 2 Common Form 3520 and 3520-A Reporting Examples3 Dana Received a Large […]
Contents1 Form 3520-A2 What Is Considered to Be A Foreign Trust?3 U.S. Trust with Foreign Assets4 When is a Foreign […]