Mel Whitney
Articles
Tax Reform impact for non-US citizen property investors - W-8BEN, W-9 which forms to file?
Situational analysis Non-US citizen (Thai Citizen) owns rental properties in the US. These rental properties generate income, which is then deposited into US banks. The US bank has now begun taking backup withholding. What is happening, and what forms does the taxpayer need...
Seven Reasons For Unexpectedly High US Tax Bills
Tax preparers work in a post-facto world, where we are tasked with submtiting to the IRS a report of what has happened in the past. Here we present seven of the most common reasons we find where clients may unexpectedly face a high US tax bill. If your situation is one of the described below - unfortunately you often must accept it as an unavoida...
Other Impacts of Tax Reform
Article 4 of a Series The first 3 articles in this series addressed some of the larger changes to the tax code due to the passage of the Tax Cuts and Jobs Act. In this final article, several less impactful changes, or changes affecting fewer people, are ...
What is a Teacher or Trainee for Tax Purposes?
Teacher Or Trainee? A person who is in the US temporarily under either a “Q” or “J” visa, and is not a student, and who is substantially compliant with ...
The IRS is Using Data Analysis to Catch Tax Cheats
IRS Criminal Investigation Division Establishes New Initiatives In Aug 2017, the IRS announced the creation of two new investigation initiatives: - International Tax Enforcement Group - Nationally Coordinated Investigations Unit These will both report directly into the Criminal Investigation division&rs...
Domestic Streamlined Offshore & Certification Form 14654
Streamlined Program Overview The IRS streamlined program breaks down into two camps. 1. Streamlined Foreign Offshore Program (SFOP) ...