Portugal’s tax and customs authority, AT, recently revealed that a substantial €522 million in taxes may be missing from the country’s major taxpayers, encompassing both individuals and companies. This discovery followed a series of intensive inspections conducted by...
Americans living abroad must still file taxes in the United States. In addition, US expat taxes are more complex. This is because there are specific rules (and benefits!) when filing an American expatriate tax return. But thanks to these benefits, many expats don’t...
Prior to 2017, ownership of a Limited Liability Company (LLC) by a non-American generally did not require the filing of a U.S. tax return with the IRS. Consequently, non-American programmers and other digital nomads that lived and worked outside the U.S. but created...
In one of the IRS’s more generous rules, it allows U.S. expats to treat their non-resident alien (i.e. non-American) spouse as a U.S. person for tax purposes (assuming that several conditions are met and a correct application for this particular treatment is properly...
The Form 8938 filing requirement does not replace or otherwise affect a taxpayer’s obligation to file FinCEN Form 114 (Report of Foreign Bank and Financial Accounts). Unlike Form 8938, the FBAR (FinCEN Form 114) is not filed with the IRS. It must be filed directly...
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