by CPA | Jun 23, 2017 | CPA Services, Real Estate CPA, US Expatriate & International Tax Returns
FROM THE IRS IR-2017-109, June 21, 2017 WASHINGTON — The Internal Revenue Service is now accepting renewal applications for the Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2017. The agency urges taxpayers affected by changes to the...
by CPA | Jun 21, 2016 | US Expatriate & International Tax Returns
In order to avoid double taxation, U.S. expats are generally entitled to several benefits related to the income they earn while overseas and the taxes they pay to foreign countries: Foreign Earned Income Exclusion – Each year, U.S. expats are allowed to exclude from...
by CPA | Jun 1, 2016 | US Expatriate & International Tax Returns
Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business, is required as an attachment to Form 1120, U.S. Corporate Income Tax Return (and certain other returns), if the reporting corporation...
by CPA | Mar 9, 2016 | US Expatriate & International Tax Returns
United States persons are required to file an FBAR if: the United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and the aggregate value of all foreign financial accounts...
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