Andrew Coleman

After we prepare your return, we will ask you to check it for accuracy. Of course, we are not asking you to do our job and verify that your tax positions were taken correctly. Instead, you should check that your personal details and basic facts are correct. Specifically: Please review the first page of Fo...

New: Foreign owned Controlled Foreign Corporations (CFC) The IRS has increased the complexity of Form 5471 over the years. 2020 is no exception. With the new revision of form 5471, certain taxpayers who are 10% or more owners o...

Filing tax returns and forms can be overwhelming for people who are not into the details. In this article, you will find everything you need to know about Dormant Foreign Corporation, why filing Form 5471 is so important and what penalties apply for those who fail to ...

When Biden is sworn into office in January 2021, US Taxpayers, both abroad and in the US, may experience changes to their US tax returns. The Internal Revenue Service requires all US citizens to file a tax return each year reporting income regard...

Totalization agreements US citizens and green card holders residing abroad are responsible for making contributions to the U.S. Social Security system on net business income.  Self-employed taxpayers residing in a country that has a ...

Transfer of funds from one pension plan to another may be treated a taxable event in the US (there is no official document to substantiate the tax exemption). Introduction Many Americans are working abro...