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We're here to give the professional expertise and peace of mind to make tax time less stressful. We are committed to your needs as expats, and we never stop learning, exploring, and staying proactive on the latest tax news that affects you.

REASONABLE RELIANCE DEFENSE AGAINST 5471 PENALTIES

For U.S. expats owning a foreign corporation, reporting on the Form 5471 can be an overwhelming task without the help of a professional. In this week’s blog, we review a recent Tax Court case deciding whether reliance on a professional is enough to protect against late-filing penalties.

EXPAT TAXES WHEN SELLING A UK RESIDENCE

We review the exemption from the capital gains tax on the sale of a personal residence, which may be available both for U.S. and UK tax purposes. Each country has its own set of conditions that must be met in order to qualify for the respective exemption.

GILTI TAX ON OWNERS OF FOREIGN COMPANIES

We break down the GILTI rules, including the most updated modifications to the rules, as well as the key exceptions to the GILTI regime. We also include practical examples to give you a concrete understanding of how the GILTI regime can affect your business operations abroad.
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