Ensuring compliance with your foreign trust reporting obligations, including Form 3520 and Form 3520-A, will help maximize the benefits it brings you and your family.
The US has strict reporting requirements for US persons with foreign financial assets and activities. Two primary reporting obligations are the Report of Foreign Bank
“Global tax” is a term commonly used to refer to someone’s total tax liability across multiple countries and jurisdictions. We’re about to go through the
Effective global tax management involves strategizing and implementing an overarching plan designed to reduce overall tax liability. Not Just The Fortune 500 When many hear
This international tax in a nutshell article will teach you basics of the international tax system to help you better understand the rules you must
It’s a question that most people try their best to ignore… But a haunting feeling makes many frantically search.. “when is tax season over?” As
It’s pretty rare… but every once in a while the IRS will cut you some slack. In light of the Coronavirus emergency, the IRS has
Issue At present, the lifetime gift and estate tax exclusion is $11.18 million. Gifts and inheritances above that amount are subject to taxation. Rates vary
We’re seeing a record number of US expatriations in 2020 – 2,909 in Q1 and 2,406 in Q2 (the two highest quarters on record). Many
Imagine claiming the Foreign Earned Income Exclusion (FEIE), worth over $100K, only to be slapped with an IRS audit. That is what happened to Sam
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