IRS Form 8621: Understanding PFIC taxation

IRS Form 8621: Understanding PFIC taxation

Navigating the complexities of US tax obligations can be a daunting task, especially for Americans living abroad. Among the myriad of forms and regulations, Form 8621 and the concept of Passive Foreign Investment Companies (PFICs) stand out as particularly challenging...
US Expat Tax News for 2024

US Expat Tax News for 2024

As the year 2024 approaches, individuals and businesses need to be aware of the upcoming tax changes that will impact their financial planning. From adjustments in tax rates to updates in deductions and credits, understanding these changes can help taxpayers prepare...
Tax Loss Harvesting and Cryptocurrencies

Tax Loss Harvesting and Cryptocurrencies

What is Tax Loss Harvesting? And how does it relate to Cryptocurrencies? Tax Loss Harvesting is a system used to offset your capital gains by decreasing your taxable income, essentially tax-loss selling. This would consequently reduce your income taxes. Cryptocurrency...

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