International Tax

Do you receive donations from outside the United States? Look out for IRS Form 3520.

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Form 3520, also known as the "Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts", is a crucial document for US citizens and residents who have financial relationships with foreign trusts or who receive significant gifts from foreign sources. This form is required by the Internal Revenue Service (IRS) and has ...

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Investing in Oil and Gas: Tax Benefits and Opportunities

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The oil and gas sector is one of the pillars of the global economy, offering not only investment opportunities but also significant tax benefits for investors. In this article, we will explore the advantages of investing in this sector and the tax incentives available. 1. Growth Opportunities: Investing in oil and gas can be highly profitable, especially ...

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If you live outside the US and have not fulfilled your obligations to the IRS, learn about the Streamlined Foreign Offshore Filing Compliance program that can help you.

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As we know, the United States is one of the few countries in the world that requires its permanent residents and American citizens to continue declaring their taxes even if they live in other countries, and many people, unaware of this obligation, end up never sending their taxes to Uncle Sam's Land, thus becoming delinquent with the Internal Revenue ...

If you live outside the US and have not fulfilled your obligations to the IRS, learn about the Streamlined Foreign Offshore Filing Compliance program that can help you. Read More »

Corporate Transparency Act - Beneficial Ownership Information

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Effective January 1, 2024, the CTA requires domestic and foreign companies doing business in the United States to declare who their ultimate beneficial owners are to the Financial Crimes Enforcement Network (FinCEN). For the purposes of this declaration, a beneficial owner is any individual who, directly or indirectly, by ...

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Find out what are the Status for income tax purposes in the United States

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Some taxpayers are eligible for more than one status for income tax purposes, and as they prepare for the next filing season they should carefully review their options to choose the status that makes the most sense for them. Those who are only eligible for one status should review their situation after ...

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everything you need to know ABOUT FIRPTA IN THE US

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Do you know what information you need to have when conducting a real estate buying and selling transaction involving a foreign person in the United States? People from all over the world invest in real estate in the United States, and so if you are buying a property from a foreign owner, here are some things you need to know. ...

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