Beneficiaries of offshore trusts or recipients of gifts from foreign individuals or estates can struggle when trying to understand the tax ramifications of notifying the IRS. There are several filing requirements that are relatively new and not well understood...
Navigating tax season can be overwhelming for all taxpayers. With so much paperwork and stress, finally filing can cause a sense of relief. But after a few weeks, you may start to wonder where your tax refund is. Knowing how to locate your tax refund is crucial for...
If you are the recipient of assets with significant value from a foreign source, such as a trust or an inheritance, you won’t be surprised to hear that the IRS requires a certain amount of disclosure. This disclosure comes in several forms, but the two...
When someone receives a substantial inheritance, monetary or otherwise, the United States tax laws often demand a significant amount of reporting detail. The situation becomes even more complex when at least one of the parties involved in the inheritance...
There are many advantages to living overseas – personal, professional, and financial – all of which are worth exploring for those from all walks of life. However, transitioning from a domestic American citizen to a U.S. taxpayer living outside the U.S....
Staying compliant with American tax laws is often a burden for American expatriates. This is especially true for expats that are dealing with taxes associated with their pension plan. If a U.S. expat is planning to retire abroad or you are eventually planning to...