One, rather unexpected, consequence of the pandemic is the increased interest in dual citizenship. A recent article in The New…
Lina LadekarlFebruary 15, 2021
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
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
In early November 2020, the IRS updated the terms of the Delinquent International Information Return Submission Procedures (Procedures). The Procedures…
April PengNovember 12, 2020
As part of tax reform initiatives in 2017, Section 965 of the Tax Cut and Jobs Act (TCJA) requires that…
WilkinGuttenplanNovember 3, 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
The Global Intangible Low Taxed Income (GILTI) tax regime was first introduced under the 2017 Tax Cuts and Jobs Act.…
Robert EwanisAugust 20, 2020
On July 23, 2020, the Department of the Treasury and the Internal Revenue Service (collectively, Treasury) published in the Federal…
WilkinGuttenplanAugust 20, 2020
