Mel Whitney

The IRS allows certain types of interest to be deducted from one’s US expat tax return.  In order to file your US taxes appropriately, it’s important to know what types of interest you’re able to deduct and the types of interest for which tax deductions are not available....

Millions of Non-US Citizens travel to the United States annually. Some visitors stay only temporarily, while others visit for more extensive periods. If you are a Non-US Citizen staying in the United States for any considerable period of time, you may be required to file a US income tax return. There are dozen...

Since its launch, Bitcoin has been hard to describe. Is it a currency? An investment? Some completely new? This made it difficult to figure out the tax laws for the cryptocurrency. This year though the IRS stepped in and gave an official ruling for the tax laws on bitcoins. To help you prepared for your tax return, here are the answers to the top...

The secret Swiss bank account is the stuff of legend—or at least of TV shows, movies, and novels. A tiny landlocked country with few natural resources, Switzerland made a name for itself in the global banking industry, and one of its ...

We at TFX discuss FBAR and penalties for failure to file FBAR frequently, but it’s not too often that we take you beyond the initial assessment of penalties and into the minds of the Judge and jury members. For some who are familiar w...

A non U.S. citizen's tax obligation to the U.S. is determined by his or her residency status. Resident aliens (ie green card holders) must follow the same filing rules as U.S. citizens, for example. Non-resident aliens (ie foreign citizens with no green card) who earn...