Mel Whitney

Form 8288 is the US Withholding Tax Return for Certain Dispositions by Foreign Persons. The withholding agent, typically the buyer of a USRPI, withholds 15% of the amount realized (IRC § 1445(a)) and remits the tax with Form 8288 to the IRS within 20 days of the tra...

Foreign rental property depreciation requires the use of ADS – the Alternative Depreciation System, which is one of the two systems within MACRS. Here is what that means in practice: Foreign residential rental property used predominantly outside the US must be depreciated under ADS. ADS uses straight-line deprec...

For the 2026 filing season, most J-1 nonresident aliens must file a nonresident tax return on Form 1040-NR if they have taxable US-source income. J-1 visa taxes are not optional if you have taxable US-source income. Even with no taxable income, many J-1 holders stil...

When it comes to tax returns, sometimes the best offense is a good defense. That&...

Form 1065 is the annual informational return a partnership files with the IRS to report its total income, deductions, gains, losses, and credits. Schedule K-1 (Form 1065) is the partner-level stateme...

TN visa holders – Canadian and Mexican professionals admitted under USMCA – owe US federal income tax on US-source wages from the first day of US work. Tax residency, determined under the 183-day Substantial Presence Test in IRC § 7701(b), dictates the return: Form 1040 for resident aliens reporting worldwide income, or Form 1040...