Andrew Coleman
Articles
Self-Employed Expats Beware: Avoid double taxation
Social Security Coverage of Self-Employed If you live overseas, you may have heard of agreements between the United States and foreign countries known as Totaliza...
How to Read My US Tax Return
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...
What Are Totalization Agreements and How Do They Affect Your US Expat Taxes?
If you live overseas, you may have heard of agreements between the United States and foreign countries known as Totalization Agreements. You may also have heard them being referred to as Social Security Agreements. For U.S. expats living and working abroad, it’s very important to know whether the United States has a Totalizati...
Taxpayers With Non-Us Corporations Subject to Additional Filing Requirements [2020 Tax Year]
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...
Dormant Foreign Corporation: Why & How to File Form 5471
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 ...
Biden Tax Plan Analysis
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...