Category: Expatriate Tax Preparation
Foreign Account Tax Compliance – You See What Interesting Facts Here
Nov 23, 2021
The Skinny On The Foreign Account Tax Compliance Act (FATCA) How Is It Impacting You? It’s what Swiss bank executives yelled out when they received fines for aiding American citizens in hiding assets…
Important Reasons Why You Need To Hire Tax Preparation Services
Nov 23, 2021
Why Use A Tax Preparation Services Firm? Most taxpayers fret about the annual ritual of preparing and filing their tax return. Whether it’s the hassle of wading through tax records and determining what…
Important Info You Need To Know On The State Income Tax Return Residency
Nov 23, 2021
State Income Tax Return Residency – How Do I Determine State Residence When Residing Overseas? Many overseas taxpayers have questions about their filing requirements and potential tax liability as it pertains to filing…
Special Extension To Qualify For The Foreign Earned Income Exclusion You Need To Know
Nov 23, 2021
Special Extension To Qualify For The Foreign Earned Income Exclusion – Extension Of Time To Meet The Physical Presence Or Bona Fide Residence Test For most taxpayers, you generally cannot get an extension…
This Is What Social Security And Medicare Taxes For Expats
Nov 23, 2021
Generally Social Security and Medicare Taxes For Services Performed Overseas Don’t Apply In general, U.S. social security and Medicare taxes do not apply to wages for services you perform as an employee outside…
FBAR Deadline – Know How To Avoid Harsh Penalties
Nov 19, 2021
There a number of unique and different due dates that apply to U.S. overseas taxpayers, but some are extremely critical to avoiding harsh penalties if missed. Avoid Disastrous Results – Don’t Miss The…
This Is Foreign Bank Account Reporting | See How To Handle
Nov 19, 2021
U.S. citizens, resident aliens and certain nonresident aliens are required to report worldwide income from all sources including foreign bank account reporting and pay taxes on income from those accounts. There are many…
Revealing the Hidden Danger of Passive Foreign Investment Company
Nov 19, 2021
IRS Stepping Up Enforcement If you are a U.S. citizen or resident and have investments in a foreign financial institution, including foreign mutual funds, you need to familiarize yourself with Passive Foreign Investment…
Know The Most Important Basic Rules Of Canadian RESP
Nov 15, 2021
RESP Account And Tax Deferral It is quite common that U.S. citizens living in Canada hold a Registered Education Savings Plan (RESP) on behalf of their children. A RESP account allows money deposited…
Canadian Retirement Plans | Easy Steps That Will Make You Informed
Nov 15, 2021
Favorable Tax Treatment of Canadian Retirement Plans The Internal Revenue Service recently made it easier for taxpayers who hold interests in either of two popular Canadian retirement plans to get favorable U.S. tax…