In the midst of an ever-evolving tax environment, both taxpayers and tax professionals are increasingly seeking guidance on the intricate international tax compliance and reporting obligations imposed on U.S. shareholders […]
As globalization continues to shape business landscapes, an increasing number of US citizens find themselves engaged in transactions with foreign entities. Depending on the nature of these interactions, specific reporting
Tax Reporting Obligations for US Citizens Engaged in Foreign Business Read More »
Introduction: Mexico stands out as an appealing destination for US expatriates seeking an enriching and cost-effective lifestyle abroad. Despite its allure, residing in Mexico entails navigating tax obligations in both
Living in Mexico as a US Expat Read More »
As a U.S. person, grappling with the intricate realm of international taxation is an inevitable challenge. Among the concerns is the Global Intangible Low-Taxed Income (GILTI) tax on Canadian-Controlled Private
The United States IRS defines a “US Person” as an individual to whom all US tax laws and regulations apply, regardless of whether they work within the United States or
United States IRS Definition of US Person Read More »
When strategizing your return to the US after living abroad, it’s crucial to understand the impact of your move on your taxes. Depending on your foreign earnings and other variables,
Expats Moving Back to the US, here are 10 tax tips for you Read More »
As the June deadline for filing US expat tax returns approaches, you might find yourself in a rush to complete your tax obligations. If you need some extra motivation to
3 Reasons why you should Meet the June Deadline for US Expat Tax Returns Read More »
Act 60, passed in 2019, offers significant tax incentives for individuals who establish residency in Puerto Rico. These incentives include a 4% flat individual income tax rate, a 100% tax
Puerto Rico Act 60 – Tax saving incentives for Americans Read More »
The U.S. exit tax is the last thing you’ll pay if you give up citizenship. The U.S. exit tax is a tax on capital gains for American citizens who renounce
