Trusts are powerful financial tools that enable individuals to manage and distribute their assets according to their wishes while potentially minimizing estate taxes and probate processes....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/13/2023
We totally get it. People with thousands and millions of dollars sometimes like to hide their money abroad.Of course, the government disapproves of tax evasion. After the financial...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/27/2021
Regardless of your level of insight into taxes as an individual or a business, you must understand the concepts of FATCA and FBAR and their differences because to understand and utilize...
It is no news, nor will it come as a shock to anyone that more companies are entering the global market, including small and medium-sized businesses. Deliberate expansion into a promising...
Posted by Elliot Kravitz, ATP on 06/06/2021
An IRS relief procedure for certain former citizens was introduced in September 2019 to allow certain Americans to renounce their U.S. citizenship without paying taxes and fines.The...
As the international tax planning & tax law raise in complexity, this could be tough to navigate international tax problems & several regulations that settle down by several...
In case you are living abroad, the chances are that you’ve heard a lot about FATCA and FBAR. Do you know what they’re and whether you have to file or not? It is crucial...
Posted by Flynn Financial Group Inc on 09/14/2018
Retirement is probably every working taxpayer’s dream to be but the idea of a perfect retirement can be a little complicated if you want to live overseas. Although it’s...
Posted by Jakusovas & Company on 09/11/2018
To bring improvements in the tax compliance globally, the government has issued major efforts of FATCA. Now you may be wondering what is FATCA? (Foreign Account Tax Compliance Act)....
Posted by Tax Solutions & Accounting Services on 06/26/2018