Monday, April 27, 2015

Monday, April 6, 2015

Complex Expat Tax Problems

This is very common: Todd was sent to Singapore for a three-year long
assignment and he was assured that all of the tax-focused aspects of his
move would be taken care of by his employer. They were not. Only
Singapore returns were prepared and filed on his behalf. After coming
back to the US, Todd realized that he was delinquent with his US tax
filings. That is, nothing had been filed! Learn how we fixed this problem here. http://www.irsmedic.com/2015/04/06/expat-tax-problems/

Complex Expat Tax Problems

Complex Expat Tax Problems

This is very common: Todd was sent to Singapore for a three-year long
assignment and he was assured that all of the tax-focused aspects of his
move would be taken care of by his employer. They were not. Only
Singapore returns were prepared and filed on his behalf. After coming
back to the US, Todd realized that he was delinquent with his US tax
filings. That is, nothing had been filed! Learn how we fixed this problem here.  

FBAR audit success

FBAR audit success

An awesome job by partner, Michelle Wynn! The cloud to this silver lining? Our tax code is so out of control it takes someone with this extraordinary talent and passion to finally get the right result for a client who did nothing wrong but try to make a buck or two overseas.

Wednesday, April 1, 2015

US taxation of Chinese nationals

US taxation of Chinese nationals

Many Chinese nationals who are "US persons" are in non-compliance with the IRS and Bank Secrecy Act. I asked one of our firm's senior tax preparers and Enrolled Agents, Julia Zhai, who is also from China, why this is and why many are reluctant to use one of the IRS voluntary disclosure programs.