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Form 8865: Return of U.S. Persons With Respect to Certain Foreign Partnerships (the definitive guide)

Understanding Form 8865 Form 8865, titled "Return of U.S. Persons With Respect to Certain Foreign Partnerships," is a crucial IRS document for U.S. persons involved in foreign partnerships. This form is used to report the financial activities of, and U.S. interest in, foreign partn...

Decoding Form 1095-B: A Closer Look At Health Coverage Reporting

Waiting to receive Form 1095-B to file your tax return? You don’t have to. You can get the information to fill in your tax return from other documents issued by your health coverage provider. This health insurance tax form ensures that you and your family members have access to health care. It was once mandatory to have ...

When Is the Best Time to File Taxes?

Like most people, you may wonder when is the best time to file taxes. The answer depends on your situation. Read on as we talk through some factors that can affect when you should file your taxes. We will also provide some tips about when is a good time to file taxes and why having the assistance of tax specialists like the ones at taxesforexpats...

Non-US Trusts Remain IRS Target

IRS compliance campaign In 2018, the IRS announced a compliance campaign with respect to information returns reporting ownership...

IRS Relief For Former Citizens

Relinquishing United States citizenship is a serious matter, and involves decisions that are irrevocable. Of course, there are tax implications to doing this as well. Anyone considering this is encouraged to speak w...

Do Puerto Rico Residents Owe US Tax?

Puerto Rico is considered an unincorporated United States territory, so the rules for residents of Puerto Rico are a little different than for residents of the 50 states. The determination of whether you owe US incom...