Category: Expat Taxes
Need A Tax Professional To Prepare Your Tax Return? Never Again Worry
Aug 24, 2016
Tax Professionals Types There are various types of tax professionals that you can select from to prepare your tax return, including enrolled agents, certified public accountants, attorneys, and many others who don’t have…
Expat Advice on Unreimbursed Employee Expenses and Ways To Claim
Aug 22, 2016
Employee Business Expenses As an employee, you may be able to deduct certain work-related expenses if you itemize deductions on Schedule A (which is worthwhile if your total itemized deductions are greater than…
Rental Income And Rental Expenses – Valuable Info Expats Need To Know
Aug 17, 2016
Rental Income Tax If you own rental real estate, you should be aware of your federal tax responsibilities. All rental income must be reported on your tax return, and in general the associated…
Form 14653 – Certification For Streamlined Foreign Offshore Procedures for Expats
Jul 12, 2016
Under the streamlined foreign offshore procedure, taxpayers must certify that their conduct relating to the failure to file FBARs (FinCen Form 114) and disclosing foreign accounts was not willful on Form 14653 –…
Expat Tax Advice – Advice For Americans Abroad You Need To Know
Jul 01, 2016
Expat Tax Advice Is Complicated As an American abroad, expat tax advice can be complicated and finding a U.S. expat tax advice professional can be equally difficult. While at the same time it…
CFC Expat Tax – Important Facts You Need To Know
Jun 28, 2016
CFC Tax And The Anti-Deferral Regime When taxpayers hear the term CFC Tax, it’s a reference to Subpart F. CFC tax or Subpart F is applicable to Controlled Foreign Corporations (CFCs) and their…
Delinquent International Information Return – A Guide for Expats
May 25, 2016
Delinquent International Information Return Tips If you are like many Americans abroad facing the ugly spectre of a Delinquent International Information Return and the risk of penalties or worse and wondering what to…
Panama Papers – Practical Info Expats Need To Know
May 04, 2016
All the recent scandal about the Panama Papers and tax havens and shell companies bring to light the hornet’s nest that FATCA has been stirring up. The media makes it sound like having…
Cayman Island Offshore Accounts – Why Expats Need To Be In Full Compliance Now
Mar 13, 2016
Two Cayman Island Financial Institutions Plead Guilty in Manhattan Federal Court to Conspiring to Hide More Than $130 Million in Cayman Island Offshore Accounts U.S. Attorney Preet Bharara for the Southern District of…
Cuba Income and US Tax Benefits – Latest Info Expats Need To Know
Mar 03, 2016
Removal Of Restrictions For Cuba Income The IRS has just released Revenue Ruling 2015-08 that removes restrictions for claiming the foreign tax credit for income taxes paid on Cuba income. In addition, the…