For American expatriates, tax residents, and other taxpayers with ties to foreign nations holding assets in foreign accounts can be particularly useful and convenient. However, in relatively recent years, the process and procedures one must follow to maintain...
In recent years virtual, electronic currency has exploded onto the scene. Many people have been captivated by the technology for a number of reasons including the fact that Bitcoin and similar virtual currencies are the first modern currency to operate outside of the...
U.S. taxpayers with foreign assets face an array of disclosure and informational reporting obligations. Whether they live at home or are living abroad as an expatriate the failure to comply with various offshore tax and account reporting obligations can result in...
One of the most common complaints regarding U.S. taxes that is leveled by expats and others with a U.S. tax obligation is the potential for double taxation. The United States is the only developed nation in the world that taxes on the basis of citizenship. All other...
For many taxpayers who have accumulated significant tax debts, the ability to pay by installment agreement is extremely welcome. By setting up a monthly payment agreement with the IRS taxpayers can avoid some of the potential consequences of owing money to the IRS....
For many expatriates and other taxpayers, the ability to file for an automatic extension is extremely welcome. For many individuals, the annual April tax filing and payment deadline simply comes too soon. The taxpayer may not have time to get his or her documents in...