Daily Archives: December 22, 2011

Breaking News for Accidental Americans

IRS News & Regulations US citizenship US Taxes for Non-Residents

Apropos being an accidental American, last week the Internal Revenue Service published a “Fact Sheet” which attempts to calm the waters upset by the widespread non-filing of US tax returns and foreign bank account reports by U.S. citizens. Quite frankly, there is very little in the Fact Sheet that is either surprising or new. Nonetheless,…

December 22, 2011

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An Introduction to the U.S. Taxation of International Shipping Income

IRS News & Regulations Shipping Taxation

This is the first in a series of articles on the U.S. taxation of shipping income. The series will present a brief refresher course on the U.S. tax, what it is and what it covers, how the exemptions work, and the compliance and filing requirements. This first article offers a general introduction to the history of…

December 22, 2011

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The Return is Due When?

US Taxation US Taxes for Non-Residents

The moment a nonresident, non-US citizen passes away with US property in his possession, the US estate tax clock starts to tick away the minutes to when the return is due. The Internal Revenue Service requires a foreign estate that owns US property to file an estate tax return within 9 months after the date of…

December 22, 2011

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