Foreign Tax Credit: A Comprehensive Guide
The Foreign Tax Credit (FTC) is a nonrefundable tax credit available to U.S. taxpayers who pay income taxes to a foreign government on income that is...
Insights: tax
US Estate and Gift Tax Planning for Foreign Assets
Estate and gift tax planning for foreign assets is essential for individuals with global investments. Understanding the complexities of US estate...
Entity Section for Foreign Expansion & Investments
Expanding into international markets is a significant strategic move, not just a legal formality. Foreign direct investment plays a crucial role in...
US Tax Preparation for Americans Investing Abroad & US Businesses Operating Overseas
Navigating US tax preparation for Americans who invest internationally, have overseas investments, and US businesses operating internationally can be...
Top Tips to Save Taxes
We share with you 10 nuggets (not chicken) to help you save on your taxes. Every business owner would like to minimize their tax imprint to maximize...
Americans Living and Working Abroad: Last Call from the IRS
The Internal Revenue Service (IRS) reminds U.S. taxpayers who live and work outside the United States to file their 2023 federal tax return no later...
All about Schedule C from Form 1040
If you're self-employed, you'll probably need to complete an IRS Schedule C to declare your business's profits or losses. Freelancers, contractors,...
U.S Withholding Tax Return for Certain Dispositions by Foreign persons
Form 8288 is the go-to document for reporting and remitting withheld amounts from specific transactions and distributions governed by sections 1445...
Form 926 - Filing Requirements
Form 926 must be filed by U.S. citizens or green card holders transferring property to a foreign corporation. This is a measure by the IRS to ensure...