Reid Kopald
Articles
FATCA Implications for Australian Superannuation Plans
As we have discussed elsewhere, the Foreign Account Tax Compliance Act (FATCA) takes effect July 1. Part of the IRS effort to enforce the taxation of offshore assets held by U.S. taxpayers, the law imposes new and more stringent reporting requirements on foreign financial institutions. All taxpayers—including resident aliens (those holding ...
Know the Tax Implications of Foreign Investing
When it comes to investing, there is diversification, and then there is diversification. The U.S. financial markets are rich enough that it is certainly possible to extensively diversify a portfolio and never leave American shores. However, as the recent financial crisis and recession (among other events) have proved that nearl...
New Solution for Reporting Previously Unreported Canadian RRSP’s
Are you still concerned about one or more Canadian RRSPs that you failed to report to the IRS in previous years? For the first time, the IRS is allowing taxpayers to report previously unreported RRSPs by filling out Form 1040X and attaching a Form 8891 for each RRSP that wasn’t reported in recent years. ...
Tax Documents Required to File US Tax Return From Countries With No Personal Tax
As an American Expat living and working overseas, you may live in one of the 15 tax free countries in which you are not liable for municipal or federal taxes. These countries are : ...
Choosing Investment Advisor as an Expat With Offshore Foreign Investments
If you are a US Expat, an American Citizen, or a United States Green Card Holder with offshore investments, it’s imperative that you’re getting the absolute best tax advice on your US expat tax liabilities. If your US based...
Bilateral Social Security Agreements and How They Affect US Expat Tax Liability
Over the course of the previous few decades, it’s been becoming more and more commonplace for US Citizens and Green Cad Holders to relocate to and find work in other countries. Today, there are thousands of international employees who earn income from 2 or more countries that habitually tax their residents’ salaries for Social Security contributi...