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IRS Simplifies Foreign Trust Reporting

IRS Simplifies Foreign Trusts Reporting

Foreign Pensions of US Expats and Inbound Foreign Nationals: IRS Simplifies Reporting Rules For Certain Foreign Trusts But There Is More to Consider   Summary The Internal Revenue Service (IRS) released on March 2, 2020, Revenue Procedure 2020-17, which exempts certain U.S. citizens and residents from foreign trust information reporting requirements relating to certain tax-favored […]

2019 US Tax Tips: Bitcoin and Cryptocurrencies

2019 US Tax Tips: Bitcoin and Cryptocurrencies

Bitcoin and Cryptocurrencies – What You Should Know Before Preparing Your 2019 US Tax Return, FATCA, and FBAR   IRS, The Legend The Internal Revenue Service (IRS) has a stellar record succeeding where other law enforcement agencies fall short, from the legendary conviction of Al Capone to the take down of the “Silk Road” website […]

2019 Year-End Tax Planning

2019 Year-End Tax Planning

Year-End Tax Planning with Holiday Cheer As the holiday season approaches, there never seems to be enough time to plan your gatherings and celebrations with family and friends. Yet, it pays to spend a few moments to take stock of your taxes before the end of the year to mitigate your tax exposure, boost your […]

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