US Expatriates Paying Foreign Taxes on Investment Income Cannot Take a Credit Against the Net Investment Income Tax

November 22, 2021

US expatriates who are working overseas often become a resident of a foreign country and must..

Regulation Deferred Again: Section 987 Recognition and Deferral of Currency Gains/Losses

November 8, 2021

Regulations on the recognition and deferral of currency gains and losses are being deferred for..

Foreign Trust Reporting Penalties: Is It 5% or 35%?

November 3, 2021

The Internal Revenue Code requires US owners of a foreign trust to ensure it files an annual..

Ready to Defend Your Claim For The Foreign Earned Income Exclusion?

October 28, 2021

Sometimes the Internal Revenue Service (IRS) will challenge a taxpayer’s claim to the foreign..

Beware: IRS Focusing in On Foreign Bank Account Reporting

October 27, 2021

Tired of hearing about Foreign Bank Account Reporting (FBAR) penalties? Think you have seen the..

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