Category: International Tax
What Happens to Social Security if You Renounce Citizenship
Before you give up your citizenship, you should understand what happens to social security if you renounce citizenship. It’s pretty straight forward.
Passive Foreign Investment Company – PFIC Authoritative Guide
Making investments is the best way to help you with …
A Guide to Tax Implications of Renouncing US Citizenship
Renouncing US citizenship and taxes is complicated. There’s an “exit” and possible penalties. But some tax can be greatly reduced.
IRS Streamlined Foreign Offshore Procedures Simplified (Step by Step Guide)
The streamlined foreign offshore procedures is for taxpayers that have undisclosed foreign income or accounts but live inside the U.S.
FBAR vs 8938 – Foreign Accounts & Assets Reporting Guide 2021
The FBAR vs 8938 are similar, but there are some key differences. Penalties for not filing each (or both) leads to serious penalties.
What to Do if IRS Revokes or Denies Passport for Unpaid Taxes
The IRS has been revoking passports for unpaid taxes. You can get your revoked passport back without fully paying your tax debts.
FATCA Guide – Regulation, Reporting, Filing Requirements, and Penalties
FATCA has confused tax professionals since its inception. The penalties for failing to comply are steep. Learn the basics to avoid penalties.
International Estate Planning – Everything You Need to Know
International estate planning is complex and may lead to tax pitfalls. If you own assets overseas then learn about your potential exposure.
A Guide to Foreign Trust Taxation
The taxation of a foreign trust depends on whether it’s a grantor or non-grantor trust. Learn the difference and avoid harsh IRS penalties.
