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Archive for 'NRAs Nonresident Aliens' Category

Overseas ITIN Help Now Available from CAAs Abroad

By Virginia La Torre Jeker J.D., - Sunday, April 23, 2017

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…

Reporting Rules Now Apply to Disregarded Foreign-Owned US LLC

By Virginia La Torre Jeker J.D., - Sunday, March 19, 2017

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…

What About Surrendering my Green Card at the Border?

By Virginia La Torre Jeker J.D., - Friday, February 3, 2017

The Customs and Border Patrol (CBP) has a Question and Answer section on its website about the controversial Executive Order (EO) issued by President Donald Trump on January 27.  One… Read more…

Overseas Certifying Acceptance Agents – Gone as of Jan. 1? Maybe Not!

By Virginia La Torre Jeker J.D., - Monday, December 19, 2016

My earlier blog post detailed the imminent termination of the overseas Certifying Acceptance Agents (CAA) programs.  The post explained that on January 1, 2017, the IRS will implement a new… Read more…

“It’s Complicated” – New ITIN Rules + Elimination of Overseas CAA Program

By Virginia La Torre Jeker J.D., - Saturday, December 10, 2016

Congress recently modified IRC Section 6109, resulting in significant changes to the Individual Taxpayer Identification (ITIN) program. The IRS created a short webinar presentation to help professionals understand these changes. … Read more…

US Inches Closer to Reciprocal Disclosure or Only Making Noises?

By Virginia La Torre Jeker J.D., - Thursday, August 11, 2016

In May of 2016, the Financial Crimes Enforcement Network (“FinCEN”) published the final version of anti-money laundering (“AML”) regulations designed to enhance financial transparency.  Broadly speaking, the so-called “Customer Due… Read more…

Part II: Importance of the US Immigrant’s Residency Starting Date

By Virginia La Torre Jeker J.D., - Wednesday, June 22, 2016

Part I of this blog post examined the importance of the Residency Starting Date (RSD) and how it applied under the Green Card Test. It also pointed out that traps… Read more…

US Tax: Part I What is a “Residency Starting Date”? Why Is It Important?

By Virginia La Torre Jeker J.D., - Wednesday, June 8, 2016

When a foreign individual commences “residency” in the United States for US Income Tax purposes, this date, the Residency Starting Date (RSD), will mark the official date he begins to… Read more…

Foreign Loans / Mortgages – US Withholding Tax on Interest Payments?

By Virginia La Torre Jeker J.D., - Saturday, March 19, 2016

Many Americans living abroad purchase properties in their foreign country of residence.  They often accomplish this with financing from a foreign financial institution. Later, they may return to the US… Read more…

UPDATED – Inheriting US Assets from a Foreign Decedent – New Law, New Form, New Headache

By Virginia La Torre Jeker J.D., - Saturday, January 30, 2016

What is Tax “Basis” in Property? Why is it Important? The US tax laws addressing the so-called “basis” of property acquired from a decedent were revised in July 2015.  These… Read more…

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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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