I am an IRS-authorized EA and principal of a Tax Preparation firm focusing on U.S. Expatriates. We specialize in all tax issues faced by American citizens living abroad - such as foreign earned income, tax treaties, foreign spouse, etc. Visit our website - www.TaxesForExpats.com - for more information.
18 years professional tax experience, 12 with expatriate taxes.
Expatriate tax information on www.TaxesForExpats.com
MBA from Zicklin School Of Business, IRS Enrolled Agent
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When you sell the apartment you will pay tax on capital gains. The advantage of the inherited property that cost basis for calculation of capital gains is a "step-up" - i.e., fair market price on the
Dear Alenka, You don't have to pay tax on foreign inheritance but you must report it to the IRS on form 3520. See https://www.taxesforexpats.com/faq.html#121 Hope this helps I.J.Zemelman, EA
Hello, Not every child born abroad to the U.S. mother automatically becomes a U.S. citizen. Consult the U.S. Embassy in Canada to find out whether your children qualify for U.S. citizenship. It depends
Dear Sean, Compensation for lost wages reported on form W-2 is income effectively connected and thus taxable to you. Income reported on 1099 will be treated differently. Whether it is taxable or
Hello Frank, If you own an offshore corporation I assume you are aware of the CFC filing requirements: http://www.taxesforexpats.com/services/form-5471-preparation.html. Payment of your personal
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