Mel Whitney
Articles
Federal Estate Tax Considerations for Foreigners Investing in the United States
As a foreigner holding assets in the United States, you may actually be able to benefit from the investment atmosphere in the US. Leaving income-producing assets in the US may be advantageous for foreigners. If you are a foreigner who owns financial assets in the United States, you are not subject to the ca...
Capital Gains Tax on the Sale of Your Primary Residence (in US and Abroad)
There is a section in the Internal Revenue Code that allows a sizeable exclusion from any profits realized by selling your primary home. In the Internal Revenue Code is ...
Deductible Expenses for American Property Investments
It’s not uncommon for US Expats living abroad to invest in property located in the United States. If you’re a property investor, there are some available deductions of which you should be aware. When the housing sector turns into a buyers’ market, many US Expats take the opportunity to capitalize on invest...
Property Ownership Structures and How They Affect Your US Expat Taxes
If you are considering investing in US property, you may be interested in establishing a business structure to increase your privacy and protection against losses. US property values have – once again – taken a dive, and many US Expats are capitalizing on the market value downturn. If you are a US Expat inte...
How to Report Losses on Your Positive Property Cash Flow
It is possible to report a positive cash flow ‘on the books’ and still claim losses to reduce or eliminate your US income tax liability. You may have seen or heard about property owners paying little or no taxes on their property income while a positive cash flow was reported on their US income tax...
Taxes and Loan Interest…What’s Deductible?
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....