PASSIVE FOREIGN INVESTMENT COMPANIES (“PFICS”)
By Kaufman Accounting |
United States citizens and tax residents are discouraged from investing in Passive Foreign Investment Companies (PFICs) with primarily passive income ...
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LAST MINUTE TAX EXTENDERS
By Kaufman Accounting |
Many of the tax provisions below were set to expire at the end of 2017 but have now been extended ...
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FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT OF 1980 RULES (“FIRPTA”)
By Kaufman Accounting |
The United States has one of the most active real estate markets in the world, and it is important for ...
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AVOIDING IDENTITY THEFT
By Kaufman Accounting |
Earlier this week the IRS launched Identity Theft Central. This page is designed to improve online access to information on ...
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TOP 10 THINGS EXPATS RESIDING OUTSIDE THE U.S. NEED TO KNOW
By Kaufman Accounting |
1. Expats still have to file in the US The US tax system is based on citizenship rather than residency. Wherever you ...
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TOP 5 THINGS US CITIZENS HOLDING FOREIGN COMPANIES NEED TO BE AWARE OF
By Kaufman Accounting |
1. Foreign entity reporting Depending on the type of entity (trust, partnership, corporation, LLC) and the ownership percentage of the U.S. ...
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