Money and people are constantly moving across borders – and every shift creates new tax complications. We understand and solve the issues that occur when multiple governments want to tax the same people and businesses. We also buy, hold, lease and sell U.S. real estate for non-resident investors.

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International Tax Lunch: Form 8621

Who: Debra Rudd, CPA

What: Passive Foreign Investment Companies (PFICs) are subject to special and punitive tax treatment in the United States. This session will examine two of the three possible tax treatments (Mark-To-Market and Default), with a detailed explanation of how to perform the calculations, fill out Form 8621, and report income or loss on a tax return. The presentation will track a single PFIC’s treatment under these two regimes over a five-year period and will include a side-by-side comparison of the tax results during that time.

When: Friday, February 13 at 12:00PM Pacific Time

Where: HodgenLaw PC

Events / 02/13/2015

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If A and GARBLE GARBLE GARBLE then B (FATCA-Logic)

This is part of the Brains Across Borders series – where I talk about tax problems that pop up when the person doing the work is in one country, and the person getting the work done is in another country. And one of those countries is the United States.

This episode looks at one of the burdens on U.S. employers who hire foreign freelancers, and the interesting problem of how you prove that you don’t have to do anything. It’s stressful to be fairly sure you don’t have to do something, but then that little voice in the back of your head keeps second-guessing you…

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It’s Hard for Minors to Expatriate

This week’s question is a semi-frequent topic. U.S. citizen parent wants to renounce citizenship and is curious about a child’s ability to do so.

My child is not 18 yet. Can he renounce his U.S. citizenship?

Quick Answer:

In theory, a minor can renounce U.S. citizenship after age 16 and before age 18.

In practice? I have not seen it happen; we tell people to wait.

Expatriation / Read More
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