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...
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...
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 ...
Foreign Trusts
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 ...
