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PFICs and Form 8621: Expat Tax Implications

pfic form 8621 instructions
United States citizens and residents both need to understand the tax implications of having an investment in a foreign financial institution that includes foreign mutual funds. Knowing what a Passive Foreign Investment Company (PFIC) and Form 8621 could save you time and money later on. FATCA, PFIC, Form 8621 and...
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Identity Theft Protection: How to safeguard your SSN and tax information

Identity Theft Protection
It may seem impossible to be able to shield your personal information, but there are some simple ways in which you do have the ability to protect yourself from identity theft. These simple identity theft protection tips will help prevent tax-related identity theft while also protecting your Social Security Number...
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Owe The IRS? Then You Won’t Be Traveling Abroad!

irs debt passport renewal traveling
Do you plan to travel abroad but your passport is about to expire? And, you owe the IRS? Or, may be you are one of the American expats that hasn’t filed a tax return since you moved abroad? Well, embrace yourself for some unpleasant surprises like a passport denial or...
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Foreign Nationals can minimize US tax by filing Form W8BEN

irs form w8ben
Individuals and entities such as foreign corporations are still subject to US tax at a flat rate of 30% on income received from US sources, even if they are not US citizens or residents. A taxpayer may have the opportunity to reduce this fixed tax rate by filing Form W8BEN...
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Guide to IRS Form 8833, Tax Treaties and US expat tax return

irs form 8833
US taxpayers who live abroad have the valid concern of paying tax twice on their income. In an attempt to avoid this issue, the United States has entered into tax treaties with a number of countries, aimed at avoiding double taxation for US taxpayers abroad and foreign nationals living inside...
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