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…
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…
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…
Investing abroad is like playing battleship - blindly shoot hoping to hit while not being hit yourself. You can change the game simply by…
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…
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! The IRS recently announced the end of OVDP. What does this mean for taxpayers with unreported foreign income or…
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!
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 My most recent article, Deathly Taxing, discusses U.S. gift and estate taxes and how they can affect multinational families. I wrote this…
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