Tax Blog

Contents1 Treasury Proposes Increased Covered Gift Reporting For Expatriates2 Proposed §1.6039F-1(c)(2)(ii)3 Proposed Regulation Example 14 Proposed Regulation Example 25 Golding […]
Contents1 The IRS Investigates Maltese Retirement Schemes2 First, Why The IRS Dislikes Malta Retirement Schemes3 New Malta CAA, Summonses, and […]
Contents1 What are the Penalties for Not Filing FBAR2 FBAR Penalties (Civil vs Criminal)3 Civil Non-Willful FBAR Penalties4 31 U.S.C. […]
Contents1 When Do Expats File Form 5471?2 Appeals Court Overrules Farhy3 Form 5471 Reporting Example4 CFC Subpart F/GILTI5 Failure to […]
Contents1 When Do Expats Report Foreign Assets?2 First, Owing Taxes vs Filing a Tax Return3 Form 8938 to Report Foreign […]
Contents1 When Do I Report Foreign Inheritance to the IRS?2 David is a Visa Holder3 David Applied for LPR so […]
Contents1 Civil Form 3520 Noncompliance Penalties 2 Trust Penalties Section 66773 26 U.S.C. Section 66774 Foreign Gift or Inheritance Penalties5 26 […]
Contents1 Should I Become a U.S. Citizen2 Worldwide Income3 Limited Treaty Elections4 May Be Forced to Give Up Other Citizenship5 […]
Contents1 Should You Worry About Exit Tax?2 Are you a U.S. Citizen or LTR?3 Are you Approaching LTR Status?4 Are […]
Contents1 PFIC Tax Overview2 What is a PFIC?3 PFIC/CFC Crossovers, GILTI, Subpart F and Excess Distributions4 Which Forms to File […]
Contents1 Dual U.S. Citizenship Impacts Taxes2 Worldwide Income3 Reporting Foreign Assets and Accounts4 1040 vs 1040-NR5 Foreign Tax Credits6 Foreign […]
Contents1 Can Expats File Late Tax Returns Safely?2 Tax Returns and International Reporting3 Is The Taxpayer Non-Willful?4 Are There Unreported […]
Contents1 The Expat Tax Planning Guide2  U.S. Person Tax Status3 A Form 1040 or 1040-NR?4 Is a Tax Treaty Election […]
Contents1 High-Net-Worth Americans Who Seek Offshore Tax Planning2 First, Please Beware of ‘Internet Gurus’3 Is the HNW Individual Renouncing U.S. […]
Contents1 Why Do Expatriates Get Audited by the IRS?2 Miscategorization of Long-Term Resident Status3 Did the Taxpayer Make an Untimely […]
Contents1 Can Expats Amend Prior Tax Returns or File Late Taxes Safely?2 Tax Returns and International Reporting3 Is The Taxpayer […]