Apr 1, 2019 | Firm Updates, International Tax
Cryptocurrencies have been in the news a lot recently, mainly because of wide fluctuations in value. Since the meteoric rise and fall of Bitcoin (the most popular cryptocurrency), many people are considering investing in cryptocurrency. There may be foreign reporting...
Mar 7, 2019 | Firm Updates, International Tax
International tax forms sometimes have separate due dates that do not coincide with the most well-known deadline, April 15. It is important to be aware of these other due dates, as they can carry substantial late filing penalties. Here are a few international-related...
Dec 10, 2018 | Firm Updates, International Tax
U.S. taxpayers are not always aware that they must report their foreign accounts on an Foreign Bank Account Report (FBAR) in accordance with Foreign Account Tax Compliance Act (FATCA) requirements. If the taxpayer has reported all income (or did not have enough income...
Dec 3, 2018 | Firm Updates, International Tax
When U.S. citizens or permanent residents live abroad, they don’t always realize that they are subject to U.S. tax filing requirements. To illustrate how this works, we will examine the fictional case of Noah, a dual Australian/U.S. citizen who has lived in Australia...
Nov 27, 2018 | Firm Updates, International Tax
When paying income taxes, individuals often assume they are only required to pay taxes to the country where they are living. However, under U.S. law, U.S. citizens and U.S. residents must file U.S. tax returns and report their worldwide income regardless of where they...