If you are a U.S. citizen or resident alien living outside the United States, even though you may not owe any U.S. tax, you generally are required to file U.S. income tax returns, estate tax returns, and gift tax returns. Some may also be required to file...
In this article we will cover an important addition to the Tax Reform law enacted in late 2017 (2017 Tax Reform). The added tax is commonly referred to as Section 965 tax, transition tax, repatriation tax, or GILTI tax. It is aimed at taxing the income of U.S. Persons who are shareholders of foreign businesses that operate mostly or entirely outside...
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If you are a US citizen or resident alien living outside the United States, even though you may not owe any US tax, you generally are required to file US income tax returns, estate tax returns, and gift tax returns. If you have an interest in, or signature or other authority... |
By Olga Kocybik (AIWC Düsseldorf)
If you are a US citizen or resident alien living outside the United States, even though you may not owe any US tax, you generally are required to file US income tax returns, estate tax returns, and gift tax returns. Some may also be required to file a state or local tax return.
Regardless of...
LB&I “Overseas Filing for US Taxpayers” Webinar May 25
LB&I International Individual Compliance will present the...
The IRS has issued a Tax Guide for U.S. Citizens and Resident Aliens Abroad, with all the basics you should need for filing your 2015 return.
(Remember that U.S. citizens and resident aliens are responsible for reporting their worldwide income and that very specific rules apply to filing from abroad. You may need professional advice but you can at least...
On September 18, the IRS issued Notice 2015-66 which provides that Foreign Financial Institutions (FFIs) in countries with "Model 1" Intergovenmental Agreements (IGAs) will be treated as FATCA compliant, and not subject to FATCA withholding by the IRS, if those jurisdictions notify the IRS before September 30 of this year that they require more time to put their systems in...
