Category: International Tax

July 1, 2021
2021 Midyear Tax Planning

As the recovery from the COVID-19 crisis takes hold and the economy and life begin to return to normal, now is an ideal time to focus on tax planning for the remainder of 2021. ...

June 29, 2021
2021 Dirty Dozen Tax Scams

The IRS released its annual “Dirty Dozen” tax scams for 2021 on June 28th. One of the key provisions of this announcement is the IRS this year made its Identity Protection PIN program available to all taxpayers. ...

January 21, 2019
Best or Worst Tax Season?

I think there is a strong chance that 10-20-30 years from now when we look back at the 2018 tax filing season we will specifically remember it. Some may remember it as the worst tax season ever and I think some will remember it as the best tax season ever. I think it might b...

June 26, 2018
Repatriation Toll Charge

If you own part of a foreign corporation you should read this all the way to the end.  If you don’t own a foreign corporation you probably don’t need to read on because this is going to get ugly and it’s going to be really long, there is just no quick way to attempt t...

June 26, 2018
Streamlined Disclosure Program Ending

My favorite IRS program - the Streamlined Disclosure Program - is going away September 28th so I had to write about it one more time. The past 10 years have seen a dramatic increase in the awareness and enforcement for the rules relating to foreign bank accounts. US citizens...

There are two different ways to exclude your foreign earned income from your U.S. tax return - the physical presence test or the bona fide resident test.
- Chris Wittich, CPA
The FBAR deadline has changed - it's now due with the tax return instead of June 30th.
- Chris Wittich, CPA
January 17, 2018
US Expats in Canada

The largest subset of US expats are living in Canada. Our neighbor to the north is the place where we have the most clients residing outside of the US and there are some common issues that...

January 17, 2018
Tax Breaks for Expats

If you are a US expat, the requirement to file a US tax return can be painful but the tax liability doesn’t need to be. There are three main ways that expats can reduce their US tax liabilit...

January 17, 2018
What are the FBAR requirements?

What is the FBAR (also known as FinCen Form 114), and why is it so important? An FBAR is a report filed with the Financial Crimes Enforcement Network which is part of the Department of Treas...

January 17, 2018
What is a US Expat?

What is a US expat? An expat is a US citizen who is living in a foreign country. For some people it’s a US citizen that has been transferred to another country for work purposes on...

June 6, 2016
Don’t Forget About FATCA

With all the publicity that the FBAR gets with its massive penalties and its unextendable deadline, let’s not lose sight of the FATCA rules and Form 8938 which is due with your individual income tax return....