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Purpose of the form Internal Revenue Service Form 5472 is an informational form that discloses the transactions during the tax…

WilkinGuttenplanDecember 27, 2018

Renouncing a citizenship is a major decision with serious financial, social, and emotional consequences. For United States citizens, this decision…

Lina LadekarlDecember 21, 2020

The IRS recently released the 2020 version for Form 2555, Foreign Earned Income. This form is used by Americans living…

Robert EwanisDecember 7, 2020

One, rather unexpected, consequence of the pandemic is the increased interest in dual citizenship. A recent article in The New…

Lina LadekarlFebruary 15, 2021

One of the outcomes of globalization is dispersed families. Millions of American citizens and residents have close family members that…

Lina LadekarlDecember 8, 2021

A recent district court case* against the estate of a deceased taxpayer has ruled in favor of the IRS granting over…

Robert EwanisNovember 23, 2020

Holders of bank accounts outside the United States may be required to file FinCEN Form 114, Report of Foreign Bank…

Vinay NavaniOctober 22, 2020

On November 4, 2019, the IRS Large Business and International (LB&I) Division announced its recent campaign regarding promoting the IRC…

April PengNovember 11, 2019

Earlier this month, the Finance Minister of India proposed the 2020 budget to be effective from April 1, 2020. One…

Vinay NavaniFebruary 24, 2020

Just as US corporations must file a US corporate tax return, so must a foreign corporation file a US corporate…

April PengFebruary 26, 2020