Married To A Nonresident Spouse?

In this day and age, with businesses going global and worldwide travel being so easy, it is becoming more and more common to see marriages occurring between a U.S. citizen/U.S. resident alien and a resident of another country. These marriages trigger significant tax consequences. U.S. resident aliens are individuals who have become permanent U.S. residents…

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Understanding “Exit Taxes”

“The “Exit Tax” affects “covered expatriates” – what is a “covered expatriate”?” In a FATCAesque world, where “relinquishments” are becoming a form of “self defense”, it’s important that you understand: Issue A – Who is affected by the Exit Tax? What is a “covered expatriate”? Only “covered expatriates” are subject to the “Exit Tax” 1.…

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Is There A VAT In Your Future?

The value-added tax (VAT) has been adopted by every developed country and most developing countries in the world. There is, however, one exception –The United States. That may be changing as there is currently discussion regarding its adoption in the U. S. The value-added tax is a tax on goods and services and is collected…

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