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...
Many successful professionals and business owners have selected the partnership as the form of organization for their business. Compared to other entity forms, the partnership provides for certain tax advantages. Chiefly, the partnership is a pass-through entity that...
For same-sex couples in the United States, the treatment received has not always lived up to the ideals set forth in our Constitution. While many gains have been made and public acceptance for same-sex marriages is at all-time highs in the United States, the country...