In short – yes. If you’re a US citizen or resident alien, your worldwide income will be subject to income tax, regardless of where you reside. The rules for filing income, estate and gift tax returns are in general the …
November 2019
How PFIC strategies are affected by currency fluctuations
The ongoing saga of Brexit is causing economic repercussions throughout the UK. From business uncertainty to concerns about trade and product availability, one of the biggest impacts so far is the sharp decline in the pound’s value.
And when it …
Filing your US Taxes Late: Guide for Expats
Late filing is not uncommon
Whilst the vast majority of expats know the deadlines and endeavour to meet them, late US tax filing after the deadline is not as uncommon as you might think. The IRS and US tax authorities …
New Year, new Tax Regime if Labour win the election – exploring five anticipated changes
Apparently, it’s time for another general election in the UK and as a tax adviser that inevitably means the possibility of real change to the existing tax regime in the UK. Clients may want to look closely at Labour’s tax …
