We recently posted that the IRS is requiring FBAR returns for Cryptocurrency Accounts as well as Online Gambling Accounts, in addition to the regular offshore banking accounts reporting. If these requirements are not complied...
File your Tax Return Even as an Expat, you still need to file a tax return and, depending on your income, pay taxes, as long as you have a U.S. citizenship. Your worldwide...
The IRS has some specific requirements for U.S. Expats’ tax filings. The WSJ posted a detailed list. Below a summary of the most important ones: FBAR Form FinCEN 114 This form is independent of the tax return...
The Tax Cuts and Jobs Act (TCJA), also known as the Trump Tax Reform, made widespread changes to the Internal Revenue Code which will affect your 2018 tax return. Here are some of the...
According to bloomberg.com US countries might finally get a break when it comes to foreign tax laws. The IRS might finally be easing up when it comes to the new foreign tax. Even with...
To file Form 1120-F tax return for foreign corporations reported on an annual basis, regulation § 1.6012-2(g)(1) requires foreign corporations to be engaged in ongoing U.S. trade or business activity. Even if there is no...
According to Investopedia.com, the Internal Revenue Service (IRS) does not treat money held in a foreign account the same as money that is held on a domestic account. Out of fear of being unable...
Congress voted to enact one of the most sweeping U.S. tax reform bills on December 20, 2017. This bill is called the Tax Cuts and Jobs Act (TCJA) and will revamp the U.S. international...
According to taxadviser.com the new tax reform has done some positive things for foreign-derived intangible income deductions for C corporations that sell services or goods to foreign customers. The tax rate on that qualifying...
With a world wide economic market, world trade and investing is convenient, accessible and happening all the time. According to the source, in today’s society, U.S. traders make international investments or even more over...
