The United States is one of the few countries in the world which taxes based upon citizenship or residency.
All U.S. citizens and residents must file a tax return (unless they expatriate) if they meet the U.S. filing requirements. There is also extensive reporting required if U.S. citizens or residents own foreign investments.
For new U.S. residents, as well as U.S citizens living abroad or having foreign investments, the tax reporting burden is onerous and confusing.
Let CPA WorldTax help you navigate your foreign reporting requirements to stay in compliance with the IRS. We can also provide guidance in reducing your overall tax liability if you have to file in multiple countries.
CPA WorldTax, LLC • Answered 24 hours: 913-708-8306 • 888-512-4860 (toll-free)