US–International Tax Articles

This blog category includes cross-border taxation information.

October 13, 2026

Your Foreign Company Lost Money. Why Could You Still Owe U.S. Tax?

Your foreign company lost money before making a profit. Learn why you may still owe GILTI tax, how earlier losses are treated, and what to check before filing.
October 5, 2026

Form 5471 Category 3: A Simple Guide to Acquiring or Selling Foreign Company Stock

The IRS has made it easier for eligible taxpayers to avoid certain tax penalties. Instead of requesting First-Time Penalty Abatement, many taxpayers may now receive automatic penalty relief if they have a good compliance history. Here's what the new IRS rule means, who qualifies, and why you should always review an IRS notice before making a payment.
October 5, 2026

Form 5471 Category 2: A Simple Guide for U.S. Officers and Directors

The IRS has made it easier for eligible taxpayers to avoid certain tax penalties. Instead of requesting First-Time Penalty Abatement, many taxpayers may now receive automatic penalty relief if they have a good compliance history. Here's what the new IRS rule means, who qualifies, and why you should always review an IRS notice before making a payment.
October 5, 2026

Form 5471 Category 1: What Does It Mean?

The IRS has made it easier for eligible taxpayers to avoid certain tax penalties. Instead of requesting First-Time Penalty Abatement, many taxpayers may now receive automatic penalty relief if they have a good compliance history. Here's what the new IRS rule means, who qualifies, and why you should always review an IRS notice before making a payment.
September 7, 2026

The Form 5471 Tax Year Question Every U.S. Owner of an Indian Company Needs to Answer

The IRS has made it easier for eligible taxpayers to avoid certain tax penalties. Instead of requesting First-Time Penalty Abatement, many taxpayers may now receive automatic penalty relief if they have a good compliance history. Here's what the new IRS rule means, who qualifies, and why you should always review an IRS notice before making a payment.
January 28, 2026

Ending New York Residency While Operating a New York Professional Corporation

January often feels like a quiet month when it comes to taxes. The holidays are over, April feels far away, and many people assume there’s plenty of time to deal with tax matters later. After working with U.S. taxpayers—particularly professionals, business owners, and Americans living or working abroad—I can say with certainty that this assumption leads to some of the most expensive tax mistakes I see each year.
December 16, 2025

How Global Professionals Can Legally Reduce U.S. Taxes Without Relocating

Many business owners believe that once revenue and profits look strong, the hard work is done. But high income does not always mean high wealth — especially when tax planning is ignored.
November 18, 2025

Working or Investing Abroad? How to Avoid Paying Taxes Twice

If you’ve ever overpaid your estimated taxes or gotten a large refund at tax time, you’ve essentially given the IRS an interest-free loan. Most taxpayers don’t realize how much cash flow they lose each year by paying too much, too early. For high-income earners, real estate professionals, and business owners, this can mean tens of thousands of dollars sitting idle—money that could have been working for you. The good news? With smart tax timing and proper planning, you can stay fully compliant with IRS rules while keeping your money invested until it’s truly needed.
November 12, 2025

Stop Giving the IRS an Interest-Free Loan: Smart Tax Timing Strategies for High-Income Earners and Real Estate Professionals

If you’ve ever overpaid your estimated taxes or gotten a large refund at tax time, you’ve essentially given the IRS an interest-free loan. Most taxpayers don’t realize how much cash flow they lose each year by paying too much, too early. For high-income earners, real estate professionals, and business owners, this can mean tens of thousands of dollars sitting idle—money that could have been working for you. The good news? With smart tax timing and proper planning, you can stay fully compliant with IRS rules while keeping your money invested until it’s truly needed.