Video – Section 6038

Video – Section 6038

For most foreign based US citizens who own a foreign company, it is usually expected that at least some reporting will be needed to the IRS. This is usually done on Form 5471, however there are also lesser known forms of reporting. Learn more in our video...
Video – Changes to Section 1031

Video – Changes to Section 1031

Whilst a number of changes have been proposed to the tax code under President Biden’s American Families Plan, one of the lesser known proposals are the changes to Section 1031. Learn more in our video...
Video – US Taxation of Lawsuits & Settlements

Video – US Taxation of Lawsuits & Settlements

Fortunately, income from lawsuits and settlements are quite rare to see here at US Global Tax. But, whilst it might be assumed that compensation or awards from a lawsuit would be tax free, the reality with the IRS can be quite different. Learn more in our video...
Video – The Savings Clause

Video – The Savings Clause

Whilst the US has double taxation agreements with a large number of countries, one lesser known clause included in each treaty is the “Savings Clause'”. The Savings Clause affects how almost every article in the treaty should be read, learn more in our...