Non-U.S. Resident Doesn’t Always Mean Non-U.S. Taxpayer! Protecting Personal...
I came across an interesting Tax Court case this evening … or perhaps more interesting to some than to others. In a nutshell the case revolved around whether a U.S. couple living in Canada were...
View ArticleIRS Wins Right to Serve Summons on Swiss Bank
Do you have an account with UBS? The IRS might be taking a closer look at it, if you do. Just one day after the Justice Department asked a federal court to allow the IRS to serve “John Doe” summonses...
View ArticleHow Should You Hold Title On Your House?
It sounds like a trick question with an obvious answer, but the truth is there are lots of ways you can hold title to your home. It all depends on your unique circumstances and what you are trying to...
View ArticleTax Arguments With the IRS You’re Not Going to Win
Ever so often I get an email or comment on a blog at USTaxAid or USTaxAid Services from someone who wants to debate whether we are responsible for filing US tax returns at all. Yeah, I’ve heard all the...
View ArticleDon’t Forget to Report Foreign Investments
The IRS has been aggressively prosecuting Americans who fail to report foreign investments. These are information-only reports. In other words, you don’t have to pay tax, but the IRS does assess a...
View ArticleC Corps, Foreign Assets and the Fiscal Cliff
Got a C Corp question? Send it in! Plus make sure you check out http://www.CCorporationTax.com for our recent webinar and a limited time special Here’s a question we had left over from our last...
View ArticleIs Your Tax Advisor Going to Put You in Jail?
There are two types of people who become my tax clients at USTaxAidServices. Group #1: They are making a lot of money, are paying too much in tax and want to pay less. They could be making money...
View ArticleFree Tax Advice May Be the Most Expensive Advice You’ll Ever Get
This past week, I’ve run into a couple of situations where someone wasn’t happy with the advice I had given and quoted something they found on the Internet or heard from a non-professional. (By...
View ArticleWhat Foreign Assets Do You Need to Report?
Got a tax question? Send it in to me by clicking HERE. I received a question about US citizens holding foreign assets and what kind of reporting is required. This is an important question and,...
View ArticleHow to Legally Move Your Business Offshore For Tax Purposes
Let me start by saying it is possible to move all or part of your otherwise US business offshore. You have to follow the rules and you may find that you still need to pay some U.S. tax. You’ll pay more...
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