Mel Whitney
Articles
Top 10 Reasons Why US Expats May Owe Tax to the IRS and What You Can Do About It
Having to pay tax to the IRS after you already pay a high tax rate in your resident country is unpleasant. We get it. While we fight tooth and nail to ensure your tax position is optimized, sometimes there is no way to avoid paying tax. This may happen due to one of the following 10 reasons. You would owe tax if you have the most commo...
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 Section 121<...
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 ...
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 ar...
Information You Need About Foreign Rental Properties
If you own rental properties in a foreign country, you may be aware that they are treated the same as US domestic rental properties if they are owned by a US Citizen or Green Card Holder. There are some aspects to consider, however, when you own a rental property overseas. Whether you inherited the property or you purchased the propert...