The fallout from Coronavirus (COVID-19) has the ability to turn someone into a US accidental tax resident. How? Non-US persons are considered US residents for
In efforts to ease the financial strain and economic uncertainty caused by the Coronavirus (COVID-19), the IRS has delayed the April 15th tax deadline for
Nobody enjoys paying taxes. The desire to reduce tax bills leads many to search the internet trying to discover “the best tax jurisdiction.” But there
American taxpayers are burdened with a complicated tax system and onerous FBAR (Foreign Bank Account Reporting) and FATCA (Foreign Account Tax Compliance Act) reporting requirements.
Do you need to file IRS Form 3520 and 3520-A? Perhaps. More people need to than it might seem. Are you a US person who
Who Must File IRS Form 5472? This Form must be filed by: 1. US company that is at least 25% owned by non-US
If you have received a gift or inheritance from a foreign person or entity, you might be required to file IRS Form 3520. Consequences of
For some Americans, placing investments and assets inside a foreign entity is a great way to protect them while gaining flexibility with estate planning. But
At Esquire Group, we’re not big fans of off the shelf tax software. Not because we view it as competition. If you’re using the popular
Since the bursting of the housing bubble in late 2007, foreigners have been snatching up US property at considerable pace and have contributed to the