by Ryan Larson | Nov 30, 2018
It comes as a surprise to many Americans living abroad that their children are likely also U.S. citizens, even if those children have never been to the U.S. or acquired a U.S. passport or social security number. The rule is this: if your child was born after November...
by Ryan Larson | Nov 30, 2018
Ensure your tax and reporting obligations are met before expatriating. To complete your final expatriation tax return you must certify to the IRS that you have complied with all of your tax reporting obligations for the previous five years. If you have been filing tax...
by Ryan Larson | Nov 30, 2018
If you are married to a non-American and/or have a child with U.S. citizenship you may be able to choose between several filing statuses and claim them as dependents, optimizing your U.S. tax rate and increasing your deductions. Many tax preparers are completely...
by Ryan Larson | Nov 30, 2018
As of tax year 2017, any non-U.S. person that wholly owns an LLC will likely be required to file Form 5472 to report their ownership and certain financial transactions with the LLC. This rule has been instituted, in part, to enhance U.S. compliance with international...
by Ryan Larson | Nov 30, 2018
Winning the Green Card lottery can seem like a great stroke of luck until you find out about the income tax and financial reporting requirements that come with it. No matter where you live, Green Card holders are treated just like U.S. citizens when it comes to...
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