Form 5472 Explained: The Top 10 Questions From LLC Owners

Form 5472 Explained: The Top 10 Questions From LLC Owners

A foreign-owned single-member LLC is treated as a corporation for US tax reporting requirements. Foreign-owned corporations must file IRS Form 5472 or they face up to $25,000 in penalties. How do you prevent Form 5472 penalties? Start by making sure that you...
Guide To US Expat Taxes (2022)

Guide To US Expat Taxes (2022)

For Americans living abroad, the rules for US expat taxes can be overwhelming and confusing. Even worse, if you fail to file correctly, it can result in significant penalties or even legal repercussions. Nonetheless, when strategically prepared and filed correctly,...
10 Year-End Tax Planning Tips For Expats (2021)

10 Year-End Tax Planning Tips For Expats (2021)

With the new year quickly approaching, now is the time for year-end tax planning, especially for expats! We share our top year-end tax tips here. With the right tax planning, Americans abroad can maximize tax deductions and exclusions and improve their retirement...