Jul 14, 2021 | Personal U.S. expat taxes
How would you feel if you found your bank account frozen? After all the sweat and the sacrifice, you make after hours of working and putting together all your resources only for the IRS (Internal Revenue Service) to freeze them. When you delay paying your taxes, the...
Jul 1, 2021 | Personal U.S. expat taxes
Taxes can be a confusing subject especially if you are a US expat. Unlike all the other countries (with exception of Eritrea), the United States taxes its citizens on their worldwide income regardless of where they reside. Here are the most important things you should...
Jun 6, 2021 | Personal U.S. expat taxes, US expat taxes by different countries
The IRS has specific requirements when dealing with tax returns for both individuals and businesses. Among them is the individual taxpayer identification number (TIN). It is issued either by the Social Security Administration (SSA) or by the IRS. The SSA issues Social...
Apr 2, 2021 | Personal U.S. expat taxes
As the pandemic continues to be a hard time for many, the IRS is moving the Tax Day deadline to help taxpayers in this unprecedented situation. The extension is automatic and applies to filing and payments. So, if you owe taxes this year, you have now until May 17th,...
Mar 9, 2021 | Personal U.S. expat taxes
Welcome, welcome!!! I’m Olivier Wagner and today I’ll discuss five myths surrounding renouncing U.S. citizenship. Those were urban legends that oftentimes come with some old truth that might no longer apply and I’ll discuss that in this video. I have been...
Mar 8, 2021 | Personal U.S. expat taxes
Executive Summary U.S. citizens living abroad may not be able to exclude the Net Investment Income Tax (NIIT) from their returns since there is insufficient guidance as to whether this new tax is a social security tax covered under a Totalization Agreement or an...
Mar 8, 2021 | Personal U.S. expat taxes
Hello, I am Olivier Wagner. I have been preparing US tax returns since 2012 and today I will discuss a topic that applies on both sides (the US and Canada). But I’ll be talking about a foreign corporation that has some sort of presence in Canada but doesn’t rise up to...
Feb 16, 2021 | Personal U.S. expat taxes
Congress has passed two stimulus rounds of stimulus checks – the first for $1,200, and the second for $600. Eligibility requirements for the stimulus checks vary slightly. You are eligible for both payments if: You (and your spouse, if filing jointly) are under the...
Feb 11, 2021 | Business U.S. Expat Taxes, Personal U.S. expat taxes
The PFIC rules apply to US persons. I.e. individuals, corporations, estates and trusts who are US residents or US citizens. US citizens living overseas invest in foreign investment vehicles, as that’s where they live. With it may come a bad surprise. A punitive...
Jan 28, 2021 | Personal U.S. expat taxes
Article Highlights: Time to Gather Your Information New for 2020 Choosing Your Alternatives Tips for Pulling Your Information Together Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore of compiling...
