tag:blogger.com,1999:blog-7276564.comments2022-05-18T02:12:48.661-07:00U.S. Income Tax for Expatriates, Nonresidents & US International Tax MattersDon D. Nelsonhttp://www.blogger.com/profile/13763998516524589975noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-7276564.post-16718197140653798202012-05-14T06:40:11.185-07:002012-05-14T06:40:11.185-07:00They should really point on some adjustments. This...They should really point on some adjustments. This will help other individuals to have a better on housing costs and allowances for them to be able to have a decent understanding as well on the importance of their taxes.<a href="http://www.agentcampus.com/california-real-estate-license/" rel="nofollow">california real estate licensing</a>Anonymoushttps://www.blogger.com/profile/02718719192132004268noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-37016644914986820312012-03-20T04:53:34.506-07:002012-03-20T04:53:34.506-07:00You made some decent points there. I looked on the...You made some decent points there. I looked on the internet for the issue and found most individuals will go along with with your blog.Offshore Software Developmenthttp://walterser.weebly.com/noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-61596038733426659402012-02-01T22:36:26.264-08:002012-02-01T22:36:26.264-08:00You're right..Now a days Singapore is one of t...You're right..Now a days Singapore is one of the best leading investing in asia.Johan Aunolahttp://finlandiagroup.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-8411036764128141502012-01-24T09:59:12.946-08:002012-01-24T09:59:12.946-08:00You do not have to attach it to your US return, bu...You do not have to attach it to your US return, but may be required to supply your China tax return to the IRS if audited. Audits of expat are increasing substantially since a study has shown that many have incorrect returns.Don D. Nelsonhttps://www.blogger.com/profile/13763998516524589975noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-14941452662473196012012-01-24T09:55:19.071-08:002012-01-24T09:55:19.071-08:00Do US expats have to furnish their overseas return...Do US expats have to furnish their overseas returns to IRS?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7276564.post-65729490586066809422012-01-09T11:56:59.358-08:002012-01-09T11:56:59.358-08:00Great - sounds like the IRS is getting more reason...Great - sounds like the IRS is getting more reasonable and will work with expats to get their tax situation straight - and I know Don D. Nelson is the best at helping them do so!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7276564.post-71260709724173727412011-12-23T20:20:51.377-08:002011-12-23T20:20:51.377-08:00This comment has been hidden from the blog.Ruby Clairehttps://www.blogger.com/profile/01710522322446393469noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-25158495832518034042011-12-22T02:50:28.245-08:002011-12-22T02:50:28.245-08:00Yes I agree with you that Companies on TV that adv...Yes I agree with you that Companies on TV that advertise they can reduce the amount owed the IRS will take an advance payment of $4,000 to $10,000 and more often than not fail to get your offer in compromise accepted.Costa Rica Real Estatehttp://www.costa-rican-real-estate.com/noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-6104602188906997612011-12-06T22:11:14.701-08:002011-12-06T22:11:14.701-08:00If you surrender your citizenship and retire to an...If you surrender your citizenship and retire to another country you may still be eligible for social security paid by the US if you have sufficient number of years participating. This result varies by country and if the US has a social security treaty with it. The rules are complex and can be tricky. You need to go to www.ssa.gov and read the rules which are complex and then discuss it with the social security on the telephone.Don D. Nelsonhttps://www.blogger.com/profile/13763998516524589975noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-411155682731964992011-12-06T21:27:44.697-08:002011-12-06T21:27:44.697-08:00Don, if you retire in another country and surrende...Don, if you retire in another country and surrender your citizenship, you do lose social security, right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7276564.post-77486039192081831672011-11-21T21:56:07.255-08:002011-11-21T21:56:07.255-08:00Great tips, I like the guidelines you've laid ...Great tips, I like the guidelines you've laid out here...helpful. Thanks for sharing us.<br /><a href="http://www.e-accountants.net/" title="Accountants in London" rel="nofollow">Accountants in London</a>Kimtehhttp://www.e-accountants.net/noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-81400588727164238292011-10-29T04:56:16.128-07:002011-10-29T04:56:16.128-07:00The IRS has in the last few years increased their ...The IRS has in the last few years increased their international division size by thousands of new employees and have stated they plan to increase audits of Individuals Filing Form 2555. An investigation by the IRS of its handling of Form 2555 (about a year ago) indicated thousands of these forms were erroneously processed accepting the foreign earned income exclusion claimed by the taxpayer when they should have been rejected because the taxpayer was not eligible. The results of this study will definitely cause an increase in audits of expatriates.Don D. Nelsonhttps://www.blogger.com/profile/13763998516524589975noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-87495314696509628052011-10-12T22:03:08.274-07:002011-10-12T22:03:08.274-07:00Really very nice article. As well as helpful to ga...Really very nice article. As well as helpful to gain knowledge about the tax accountants. Thanks for sharing us.<br /><a href="http://www.e-accountants.net/" title="Accountants London" rel="nofollow">Accountants London</a><br />`Kimtehhttp://www.e-accountants.net/noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-4476801001708275432011-10-04T09:45:49.567-07:002011-10-04T09:45:49.567-07:00Any salary paid you by your Foreign Corporation mu...Any salary paid you by your Foreign Corporation must be reported on your personal income tax return. It is not reported except as a deduction on Form 5471Don D. Nelsonhttps://www.blogger.com/profile/13763998516524589975noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-75011469949020535152011-10-04T07:55:20.323-07:002011-10-04T07:55:20.323-07:00I am a US citizen who lives abroad. I created a co...I am a US citizen who lives abroad. I created a company abroad and pay myself a salary from my company. How do I report this salary in form 5471?<br /><br />The IRS was unable to help me as well, out of their scope they said.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7276564.post-14370584327638264542011-09-15T05:22:13.876-07:002011-09-15T05:22:13.876-07:00Its very good that the date is extended..thanks fo...Its very good that the date is extended..thanks for sharing...Tax Lawyer Alabamahttp://www.irsallstar.comnoreply@blogger.comtag:blogger.com,1999:blog-7276564.post-43741023394401467922011-09-09T00:20:39.328-07:002011-09-09T00:20:39.328-07:00I really liked your blog...its really nice to read...I really liked your blog...its really nice to read something so informative and smart...great job...thanks for sharingJackson Moorehttp://www.filelate.com/noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-60074759442538530952011-09-07T13:12:29.928-07:002011-09-07T13:12:29.928-07:00good job http://geega.in/HiwKgood job http://geega.in/HiwKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7276564.post-16774826997592678282011-09-04T23:06:19.219-07:002011-09-04T23:06:19.219-07:00It seems to me, though, that in reading the code s...It seems to me, though, that in reading the code so long as you have reasonable cause and have filed everything, even late, then you can still get a waiver of the penalty. For example, if you can show that you reasonable went to a professional and got bad advice, I would think that penalties could be waived, even if the tax returns were not filed on time (especially if there are foreign tax credits that negate the tax). The problem with the OVDI is that there generally is the flat rate of 25% with no negotiation.Michael S. Goode, JD, LL.M.https://www.blogger.com/profile/12941877221533081213noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-22227902094267310632011-08-28T14:01:21.824-07:002011-08-28T14:01:21.824-07:00The IRS is acquiring lists of US Citizens and gree...The IRS is acquiring lists of US Citizens and green card holders living in Canada with bank accounts, financial accounts, Canadian corporations, trusts, etc. They can get this information from the CRA under the tax treaty and from private banks, stock brokers ,etc under the new US FATCA law. Any US Citizen who has not filed can be liable for the penalties. The laws have been around for many years, but the IRS started enforcing them in 2009.Don D. Nelsonhttps://www.blogger.com/profile/13763998516524589975noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-79543557952069605162011-08-28T10:37:00.818-07:002011-08-28T10:37:00.818-07:00My accountant told me that CRA will be exchanging ...My accountant told me that CRA will be exchanging information about US citizens living in Canada to help the IRS track down those who have not filed. True?<br />I'm a US citizen who has been a Landed Immigrant of Canada since 1974; am I lible for these huge penalties?<br /> I just found out about having to file with the US in Jul, 2011. I've always filed with Canada;how long has this law existed?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7276564.post-35340627621240932532011-08-19T10:59:14.377-07:002011-08-19T10:59:14.377-07:00I just called the IRS helpline about this (1-800-8...I just called the IRS helpline about this (1-800-829-1040) and was transferred to what I was told was the relevant department, only to be told that form 5471 was "out of scope" and that the only way for me to get help or clarification was to contact a professional CPA. I expressed different combinations of bemusement, annoyance, etc to make sure I was understanding correctly that a form produced by the IRS was one that was "out of scope", but the woman (ID #1000228107) confirmed this was the case. There was no nod towards the "complexity of the question" since I didn't even get to ask the question - the whole form is out of scope! <br /><br />Thanks for your blog though, I've found it by Google and am finding great information here. <br />-US taxpayer in London, UKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7276564.post-77064403369862288302011-05-13T15:04:28.685-07:002011-05-13T15:04:28.685-07:00The main question is whether the US taxpayer is be...The main question is whether the US taxpayer is better off keeping the PFIC as is, treating it as a QEF, or electing Mark to Market treatment.Edhttps://www.blogger.com/profile/13451658096242014998noreply@blogger.comtag:blogger.com,1999:blog-7276564.post-1146528234969057242006-05-01T17:03:00.000-07:002006-05-01T17:03:00.000-07:00Hello Don D. Nelson, Attorney, CPA, I’m out surfin...Hello Don D. Nelson, Attorney, CPA, I’m out surfing the web for the latest information on <A HREF="http://4ecorp-ethos.amazingbiz.net" REL="nofollow">4e corp</A> and noticed your nice site. Although this post wasn’t exactly what I was looking for it certainly got my attention. Now I see why I found your page when I was looking for 4e corp related information and I’m thrilled I found your web site even though its not a perfect match. Great Post, thanks for your informative site.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7276564.post-1146464883756573112006-04-30T23:28:00.000-07:002006-04-30T23:28:00.000-07:00Hi Don D. Nelson, Attorney, CPA, I’m out searching...Hi Don D. Nelson, Attorney, CPA, I’m out searching the web for the latest and greatest information on <A HREF="http://4ecorp-ethos.amazingbiz.net" REL="nofollow">mybpbiz.com</A> and found your great site. Although this post wasn’t specifically what I was looking for it definitely got my interest and attention. I see now why I found your interesting blog when I was looking for mybpbiz.com related information and I’m grateful I found your site even though its not a perfect match. Great Post, thanks for your informative siteAnonymousnoreply@blogger.com