To say that the US tax code is complicated would be a vast understatement. There are forms for every possible situation, income source, and individual. There are even tax forms...
Form 5471: How US Citizens File a Foreign Corporation with the IRS
It doesn't matter where you live, or what tax strategy you have put in place; if you are a US person with stock in a foreign company, the IRS wants to know about it. Whether...
Best Jurisdictions For Offshore Trust Formation
This article looks at the topic of offshore trusts with details on some of the most popular offshore jurisdictions. In it, you will learn how international trusts work and how...
What is Form 1099A: The Ultimate Guide for 2023
This article discusses Form 1099-A, who files it, who receives it, what its constituents are, and what it could mean for your tax returns. The Internal Revenue Service (IRS) is...
Best Performing Currencies of 2022: The Ultimate Guide
This article will discuss the best-performing currencies of 2022, which led the global trade, and how different currencies in the world fared compared to the US dollar, which is...
IRS Tax Relief for Expats Impacted by COVID-19
Dateline: Merida, Mexico The coronavirus pandemic has limited travel in many areas of the world and by doing so has changed the plans of many expats. If your global tax plan was...
What to Do When “America First” Outlives Trump
Dateline: Bogota, Colombia Just the other day, I wrote about why I stopped following politics rather than stay and fight against a system that I did not agree with. Today, in...
How to Avoid Passport Revocation by the IRS? Read our Guide.
Dateline: Kuala Lumpur, Malaysia Governments around the world have increasingly been imposing restrictions on both citizenship and obtaining an actual passport to travel on. From...
Form 8858: US Taxes on Foreign Disregarded Entities
As an expat or U.S. taxpayer who owns a foreign business or an interest in a foreign business (corporation, partnership or LLC), there are a number of forms that you must...
Form 8865: Tax Returns for Foreign Partnerships
As readers of this site know, the United States taxes its citizens (including expats who live and work abroad) and legal permanent residents (LPRs) on their worldwide income. No...