Category Archives: International Tax News

If you are based in Orange County, California and need an International Tax CPA call 714-569-1000 to reach Yana N. Weaver CPA, MBA and International Tax CPA.

ITIN expiration – What foreign nationals and business owners need to know
July 25, 2017

First a bit of context to make certain that you are in the affected group....

Tax Impact of China CRS compliance on US taxpayer
February 1, 2017

US in not the only country interested in obtaining information from overseas banks regarding their...

How Importers and Exporters Benefit from Trade Agreements

Existing businesses go abroad for one or both the following reasons: To maximize profits and sales To...

30
Aug
This IRS Form 2555 Holds Key to $101,300 in Tax Free Income
July 21, 2016

For expatriates living abroad, the reach of the U.S.’ worldwide tax system can turn an...

5 Reasons Why Foreigners Choose America
July 14, 2016

Typically when the term “offshore haven” is used, it is used to describe financial arrangements...

Offshore Account FBAR Forms Are Due June 30
June 22, 2016

Don’t wait any longer if you have a Foreign Bank and Financial Accounts Report (“FBAR”)...

Basic Differences Between A Common Law System And A Civil Law System In Terms Of Contracts And Business
May 31, 2016

Common law and civil law systems affect how business is conducted within a country’s specific...

Obama Determined to Preserve U.S. Status as Premier Investment Destination
May 2, 2016

Before President Obama stepped into the White House, foreign investors have contributed to U.S. prosperity...

EB-5 Immigrant Investor Process and Tax Compliance
January 6, 2016

Before the EB-5 investor obtains a green card, if he/she spends less than 183 days...

FBAR Deadlines Modified by the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015
October 30, 2015

On July 31, 2015, President Obama signed the Surface Transportation and Veterans Health Care Choice...

Kuwait, United Arab Emirates And Qatar Signing Of FATCA Accord Signals End To Middle Eastern Resistance
August 4, 2015

The signing of the FATCA accord by Kuwait, Qatar and the United Arab Emirates signals...

IRS Application Data Breach By Cyber Thieves Compromises Over 100,000 Taxpayer Accounts
May 28, 2015

On May 27, the Internal Revenue Service revealed a massive IRS application data breach of...

Unreported Foreign Bank Accounts Post-FACTA Lead To IRS Revelations And Criminal Convictions
February 27, 2015

Unreported foreign bank accounts are trouble in the 21st Century. After the adoption of FACTA...

IRS Update To 2014 Form 1042 Instructions Underscore The Need For Accounting Help For Foreign Taxpayers
February 19, 2015

The IRS updated the Form 1042 instructions for 2014. The updates as described below by...

Latvia Signs FATCA Accord With The United States, Joining Several Other Eastern European Countries
September 26, 2014

Joining several other European countries, Latvia has embraced the FATCA Accord. In a significant step...