Our monthly newsletter, financial guides, and interactive calculators help you stay informed about your finances.
Use our convenient SecureSend page to securely deliver a file directly to a member of our firm.
We offer a broad range of services for business owners, executives and independent professionals. Please call us for a free initial consultation.
Most nations impose taxes on the basis of residency or territorial holdings. However, the United States is a notable exception to this general rule. Besides the northwestern African nation of Eritrea, the United States is the only country in the world which consistently imposes tax not only on a residential basis, but also on the basis of citizenship. Both US citizens and US residents of foreign countries are required to report their global income to the IRS or Internal Revenue Service.
As categorized by the IRS, “US persons” abroad — including citizens, residents, trusts, estates, and business partnerships and corporations — must comply with US tax reporting requirements or face exposure to civil and/or criminal penalties for noncompliance. By comparison, the IRS classifies nonresident aliens, foreign trusts, foreign estates, foreign partnerships, and foreign corporations as “foreign persons.”
Contact us - we want to help you ! !