Tax Primer for US Expats and Foreigners

All the tax information you need is readily available for free in Virginia’s Tax Primer for US Expats and Foreigners.  The Primer covers numerous topics that are most relevant […]

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Your Children and US Tax Reform – Tax, Tax, Tax the Kiddies!

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Giving a significant amount of investment assets to one’s children used to be a popular tax strategy, since it permitted the income earned on the investment to be […]

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Should You Hold Assets Jointly With Your Non-US Citizen Spouse?

Spouses often hold title to bank accounts, brokerage accounts and real property as joint tenants with right of survivorship. Yet, just as often they don’t understand the ramifications […]

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More Guidance from IRS: Final Regs and Specified Foreign Financial Assets / Form 8938

Further guidance was just provided by the IRS in the form of finalized Treasury Regulations for those individuals who are required to report interests in so-called “specified foreign […]

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Do You Have Foreign Life, Sickness, or Casualty Insurance? A Foreign Annuity Contract? Excise Tax / FBAR / Form 8938….

Foreign Life Insurance Many US persons living abroad have foreign life, sickness or accident insurance or a foreign annuity. Yet, only a handful have any knowledge of the […]

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Married to A Non-US Spouse? Filing the US Income Tax Return / FBARs and Form 8938 Part II

Part I of the posting can be viewed here. Making an Election to Treat the Foreign Spouse as a US “Resident” – Section 6013(g) Election  One can actively […]

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