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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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March 2017
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Let's Talk About: US Tax

Let's Talk About: US Tax

What About Surrendering my Green Card at the Border?

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

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…

UPDATE – No Waiver Needed for Green Card Holders to Enter US

February 2, 2017 by Virginia La Torre Jeker J.D.,

Reuters reports that yesterday, the White House issued updated guidance on President Donald Trump’s executive order (EO) on immigration. The update clarifies that legal permanent residents, (green card holders), do… Read more…

Categories: Green Card Holders

UPDATE — Trump EO Preventing Green Card Holders From Re-Entering USA

January 28, 2017 by Virginia La Torre Jeker J.D.,

UPDATE January 29, 2017 Reuters reports that green card holders who are citizens of one of the seven listed countries are being admitted into the US on a case-by-case basis. Meanwhile, the… Read more…

Categories: Green Card Holders

Can I File My 2016 FBAR Now Even Though Form 114 is Not Yet Updated?

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

In a word, “YES”!  You can use the current version of the Form 114 to file your 2016 FBAR. This issue was first brought to my attention by David Treitel,… Read more…

House Republicans – Death Knell for Subpart F/ Americans Abroad Barely Acknowledged

January 16, 2017 by Virginia La Torre Jeker J.D.,

House Republicans set out to deliver a bold, pro-growth policy agenda focused on addressing important concerns of the American people which included how changes to the tax law could grow… Read more…

Official Exchange Rates Posted – No Reason to Delay FBAR and FATCA Form 8938!

January 13, 2017 by Virginia La Torre Jeker J.D.,

It’s that time of year when US taxpayers start to worry about getting material ready for preparation of US tax returns and related information return filings.  Two very important forms… Read more…

PFIC Break for Some – No Need to File Annual Form 8621

January 9, 2017 by Virginia La Torre Jeker J.D.,

Heartfelt thanks to Richard S. LeVine, J.D., LL.M. who emailed me to point out that the Internal Revenue Service (IRS) had just recently issued final “Passive Foreign Investment Company” (PFIC)… Read more…

FATCA Drama Continues in Trinidad & Tobago

January 7, 2017 by Virginia La Torre Jeker J.D.,

I had earlier blogged about the impasse in the Trinidad & Tobago government to reach agreement on legislation to implement the provisions of the Foreign Account Tax Compliance Act (FATCA). … Read more…

New Year, New FBAR Rules

January 2, 2017 by Virginia La Torre Jeker J.D.,

So far the New Year is looking a bit brighter! Here’s a reminder that the new annual due date for filing Form 114, Reports of Foreign Bank and Financial Accounts,… Read more…

Categories: FBAR, Offshore Accounts

Global Mobility – Income Tax Issues for the Expat

December 24, 2016 by Virginia La Torre Jeker J.D.,

I was recently interviewed by Mercer with regard to the US tax issues relevant to expatriates living and working abroad. Global mobility of employees has become an area of phenomenal… Read more…