All US citizens, tax residents and green card holders are required to file tax returns and pay their taxes to the United States of America. If you belong to any of these categories, regardless of your … Read More...
A Warning to All Americans Living Abroad
There has been a new law enacted by the IRS that is putting a heavy burden on American’s living … Continue Reading….
Filing Taxes as an American Expatriate in Japan
Living and working in Japan—how will this affect your taxes? All American expats must file … Continue Reading….
Basic Tax Guide for Green Card Holders
If you have a Green Card, then you are legally considered a permanent resident of the United States … Continue Reading….
Report of Foreign Bank and Financial Accounts
You need to file this report with the US Department of Treasury if you meet certain conditions. These include: having a financial interest in, having authority to sign for or any … Read More...
U.S. Expat Income Tax Returns
Selling Property In U.S.
Japanese non-resident aliens who are selling property in the United States should be aware of the rules and responsibilities of the Foreign Investment and Real Property Tax Act (otherwise known as … Continue Reading ...
Non-residents who are considering setting up a foreign trust should know the rules governing the taxation of that trust, both as a non-residents and if they later decide to establish residency in the … Continue Readings ...
Passive Foreign Investment Company
What is Form 8621 ? This form is an information return by a shareholder of a PFIC or Passive Foreign Investment Company or QEF or Qualified Electing Fund. The form is … Continue Regarding ...