Expatriation Planning – Getting Out Without Getting Killed With Taxes
Thinking about expatriating? Do you know what it entails? Do you know what the tax consequences are? Expatriating can have serious tax consequences, but with…
Foreign Financial Institution FATCA Reporting Obligations
FATCA stands for the Foreign Account Tax Compliance Act, in case you didn't know. Although not everyone knows what FATCA stands for, they are…
An In – Depth Look at the Streamlined Filing Compliance Procedures
In this webinar recording by Jimmy Sexton, LL.M., he gives a detailed explanation of the IRS Streamlined Procedures. You'll get the answers to such…
Tax Landmines for Americans Investing Abroad
Investing abroad is like playing battleship - blindly shoot hoping to hit while not being hit yourself. You can change the game simply by…
Undisclosed Foreign Income or Assets – Which IRS Amnesty Program Is Right for Me?
We know, everyone’s heard, everyone knows and everyone is aware that OVDP is ending, but we felt it couldn’t hurt to give one last…
Consequences of Involving an American in Your Non-U.S. Business
What the consequences of involving an American in Your Non-U.S. Business? Having an American business partner or employee could result in having to disclose…
OVDP closing. FATCA Enforcement Starting!
OVDP closing. FATCA Enforcement Starting! The IRS recently announced the end of OVDP. What does this mean for taxpayers with unreported foreign income or…
FATCA Delusions and Twitter Wars
FATCA Delusions and Twitter Wars
When it comes to FATCA and tax compliance, don’t listen to what you want to hear, listen to the truth. There are some unscrupulous advisors out there telling people not to comply with U.S. tax laws because they are unjust.
Unjust or not, failure to comply with the law can have severe consequences, from monetary penalties to jail!
Check out my vlog on the topic!
Expatriation Myths Busted
Expatriation Myths Busted
I am going to be busting some common expatriation myths in this post. If you are reading this post, you most likely know that giving up your U.S. citizenship is referred to as “expatriation”. There are several reasons people expatriate; their new country of citizenship doesn’t allow dual-citizenship, they don’t want to deal with the U.S. tax system, they have conflicting political views, or some other reason.
Deathly Taxing
Deathly TaxingMy most recent article, Deathly Taxing, discusses U.S. gift and estate taxes and how they can affect multinational families.I wrote this article prior…
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