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An up-to-date look at US tax laws for American Expats, foreign investors into the US market or other foreign persons having any US connections. More Info

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Let's Talk About: US Tax

Let's Talk About: US Tax

Overseas ITIN Help Now Available from CAAs Abroad

April 23, 2017 by Virginia La Torre Jeker J.D.,

The US Internal Revenue Service (IRS) has expanded the options available to taxpayers residing abroad who need an “Individual Taxpayer Identification Number” (ITIN) to fulfill their US tax filing duties. … Read more…

Bitcoin – Coming Back to Bite You?

April 17, 2017 by Virginia La Torre Jeker J.D.,

In November last year, the Internal Revenue Service (IRS) issued a so-called John Doe Summons to “Coinbase”,  the largest digital currency exchange firm in the US and the largest exchanger… Read more…

IRS Budget on the Chopping Block – Taxpayers Must Prepare for Greater IRS Aggression

April 10, 2017 by Virginia La Torre Jeker J.D.,

President Donald Trump released his “Budget Blueprint on March 16, “America First, A Budget Blueprint to Make America Great Again”.  The Budget Blueprint “reprioritizes” Federal spending so that it will… Read more…

Green Card Holder – Using Foreign Earned Income Exclusion

April 3, 2017 by Virginia La Torre Jeker J.D.,

Americans working abroad may be eligible to exclude certain foreign earned income (wages, compensation for services) from US taxable income under the rules governing the Foreign Earned Income Exclusion (FEIE).  This… Read more…

Foreign Earned Income & Housing Exclusion: Repeal Advocated & Other Recent Developments

March 26, 2017 by Virginia La Torre Jeker J.D.,

US taxpayers living overseas are usually somewhat familiar with the benefits of the foreign earned income and the foreign housing exclusion.  Given that it’s tax filing time, it’s the perfect… Read more…

Reporting Rules Now Apply to Disregarded Foreign-Owned US LLC

March 19, 2017 by Virginia La Torre Jeker J.D.,

The US Internal Revenue Service (IRS) recently published final regulations (the “Regulations”) under section 6038A of the Internal Revenue Code that address reporting and recordkeeping obligations of US disregarded entities… Read more…

So, Sir Patrick Stewart Wants to Become a US Citizen?

March 12, 2017 by Virginia La Torre Jeker J.D.,

Sir Patrick Stewart (yes, despite rumors to the contrary, I know you are still alive), I understand you want to become a US citizen so you can “fight” President Trump (in your… Read more…

IRS Has a New Audit Strategy – Focus OVDP Withdrawals and Declines

March 5, 2017 by Virginia La Torre Jeker J.D.,

Internal Revenue Service’s (IRS) Large Business and International (LB&I) Division now has a new audit strategy known as “campaigns.” For the past several years, the LB&I Division has attempted to… Read more…

Cracking the Shell: FinCEN’s Relentless Hunt for Beneficial Owners

February 27, 2017 by Virginia La Torre Jeker J.D.,

The Financial Crimes Enforcement Network (FinCEN) announced on February 23 it was renewing existing Geographic Targeting Orders (GTO) in six major metropolitan areas. The GTO’s  temporarily require US title insurance… Read more…

Treasury Refuses to Simplify FFI FATCA Reporting for Americans Abroad

February 23, 2017 by Virginia La Torre Jeker J.D.,

Background After extensive research and surveys, the American Citizens Abroad (ACA) determined something had to be done to assist Americans living and working overseas who were being turned away as… Read more…