Mel Whitney
Articles
Property Ownership Structures and How They Affect Your US Expat Taxes
If you are considering investing in US property, you may be interested in establishing a business structure to increase your privacy and protection against losses. US property values have – once again – taken a dive, and many US Expats are capitalizing on the market value downturn. If you ar...
Information You Need About Foreign Rental Properties
If you own rental properties in a foreign country, you may be aware that they are treated the same as US domestic rental properties if they are owned by a US Citizen or Green Card Holder. There are some aspects to consider, however, when you own a rental property overseas. Whether you inherited the property or you purchased the propert...
How to Report Losses on Your Positive Property Cash Flow
It is possible to report a positive cash flow ‘on the books’ and still claim losses to reduce or eliminate your US income tax liability. You may have seen or heard about property owners paying little or no taxes on their property income while a positive cash flow was reported on their US income tax...
Taxes and Loan Interest…What’s Deductible?
The IRS allows certain types of interest to be deducted from one’s US expat tax return. In order to file your US taxes appropriately, it’s important to know what types of interest you’re able to deduct and the types of interest for which tax deduct...
Nonresident Tax Return: You May be Taxed by the IRS as a Non-Citizen Residing in the United States
Millions of Non-US Citizens travel to the United States annually. Some visitors stay only temporarily, while others visit for more extensive periods. If you are a Non-US Citizen staying in the United States for any considerable period of time, you may be required to file a US income tax return. There are dozen...
Does My FBAR Need to Include My Spouse’s Bank Account(s)?
American Citizens, Residents, and Green Card Holders with foreign financial accounts with an aggregate value of $10K or more are required to file the Form FinCEN 114 (FBAR) to report these accounts to the United States Department of Treasury. Whether or not you are required to inc...