Tax Planning
Why Are Tax Inversions Suddenly So Popular?
The United States is one of the few large countries that taxes citizens, permanent residents and corporations on income earned anywhere in the world.
U.S.…
June 16 Tax Deadline Nears for Taxpayers Living Abroad
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U.S. taxpayers living abroad qualifying for an automatic two-month extension must file their 2013 Federal individual income tax returns by Monday, June…
How To Get Included On The Foreign Earned Income Exclusion
Ordinarily, the United States taxes U.S. citizens and resident aliens on their worldwide income, even when they live and work abroad for an extended period…
2013 U.S. Expat Tax Updates for Americans Living Abroad
As expats begin the task of gathering documents for their U.S. tax return preparation, here are some important updates to keep in mind.
Foreign Earned…
Go For The Gold And Pay Your Tax - Olympic Medals Taxable
While millions of Americans were glued to their televisions to watch American athletes compete in this year’s Winter Olympics, the Internal Revenue Service…
The Foreign Tax Credit- Avoiding Double Taxation
If you paid or accrued foreign taxes to a foreign government on foreign source income that is still subject to U.S. tax, you may be able to take either…
Classification of Taxpayers for U.S. Tax Purposes
U.S. law treats U.S. persons and foreign persons differently for tax purposes. Therefore, it is important to be able to distinguish between these two types…
Beware the Potential Tax Pitfalls of Investing in Offshore Mutual Funds - “PFIC” Concerns
U.S. persons ought to be aware of the potential tax heartaches associated with investing in mutual funds held by foreign banks or foreign brokerage firms.…