Form 5472 Explained: The Top 10 Questions From Expat LLC Owners
This article has been moved to the website of our new brand Entity Inc, specialized in US business formation, tax & compliance for global entrepreneurs. You can read it here.
This article has been moved to the website of our new brand Entity Inc, specialized in US business formation, tax & compliance for global entrepreneurs. You can read it here.
Moving abroad is an exciting decision for many Americans. However, US taxes for expats can be a headache. There are extra reporting requirements, different deadlines, and new exclusions and credits. Filing expat taxes incorrectly can result in the loss of hundreds or...
By Vincenzo Villamena, CPA Opinions of the US may vary on many topics, but it is difficult to argue that the US offers opportunities for lucrative investments. Not only the 320 million or so American citizens can invest in the US; almost anybody has the right to...
When global travel stalled and stay-at-home orders went into effect, many US expats rushed back to the USA. Other people ended up quarantining far from home. As a result, numerous US citizens, residents, and foreign travelers are spending more time in the United...
This article has been moved to the website of our new brand Entity Inc, specialized in US business formation, tax & compliance for global entrepreneurs. You can read it here.
Realizing that you owe back taxes and FBARs is enough to make anyone nervous. You may be concerned about having the IRS knocking at your door, being fined thousands of dollars, or even losing your citizenship. Though these are largely myths, the potential penalties...
This article has been moved to the website of our new brand Entity Inc, specialized in US business formation, tax & compliance for global entrepreneurs. You can read it here.
In October 2019, the IRS issued some of the most significant cryptocurrency guidance yet and the first update in 5 years. Crypto users and expats alike eagerly anticipated his IRS guidance for the tax treatment of virtual currencies. The new 2019 IRS guidance answers...
Expat living can be expensive. Therefore, the IRS allows Americans living abroad to offset certain housing costs with the Foreign Housing Exclusion or Deduction. How much expats can save with the exclusion/deduction depends on where in the world they live. In this...