Guilty of GILTI? A New Tax for Some Expats

Are you guilty of GILTI? You better hope not! GILTI stands for “Global Intangible Low Taxed Income” and was enacted as part of the U.S. 2017 Tax Reform.Under GILTI, U.S. expats who own and operate businesses through foreigncorporations could be forced to pay US tax on their foreign corporation’sprofits, regardless of whether or not they receive a dividend!

((IRS X FATCA) X FBAR) = Acronym Anxiety

Math homework is only one of many potentially anxiety-inducing problem that parents are regularly confronted with. Being cognizant of the fact that children also need to file an FBAR to be tax compliant is integral to avoiding unnecessary worries.

Maximizing Tax Breaks for Education Costs

There are three available tax breaks for educational purposes available. Tax professionals help you to successfully parse the often complicated qualifying criteria, finding the most beneficial option for your family.g abroad.

Tax Reform: What’s in it for expats?

The recent tax reform has added new layers of complexity to the American tax system. Not many benefits have been included for expats, but some changes affect all U.S. taxpayers including those living abroad.

Tax Treaties Mostly Useless to Americans Abroad

Make sure your tax advisor understands the intricacies of international tax. If not, you pay the price (in this case the tax, interest, and penalties), not the advisor!

Big 4 Accounting Firms Produce Shoddy Work

Beware! The Big 4 Accounting Firms Can Produce Shoddy Work With tax season looming on the horizon, people are beginning to think about whether they should risk preparing their own tax returns or hire a professional.

Jimmy shares some tax tips during an interview with Fox 5 in Las Vegas

Don’t want to miss out on tax refunds? Watch this video of Jimmy Sexton, international Tax expert from Esquire Group, being interviewed on Fox 5 News about common mistakes people make in tax forms and how to maximize your returns.

Expatriated: Leaving the Land of the Free

As celebrities give up U.S. passports, many suspect wrongdoing or opportunism: As the IRS closes in on citizens abroad, many expatriate – to save time, trouble, and taxes
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