by Lance Morris | Apr 22, 2025 | Foreign Income, Foreign Tax Credit
Complying with U.S. tax laws for investments in foreign companies and trusts requires a clear understanding of current regulations and reporting requirements. The landscape has become more complex due to recent changes under the Tax Cuts and Jobs Act (TCJA) and...
by Lance Morris | Mar 23, 2025 | Foreign Income
The Foreign Tax Credit (FTC) is an essential resource for U.S. expatriates, allowing them to reduce their U.S. tax liabilities by claiming foreign taxes paid. As we move into 2025, there are key updates and insights regarding the FTC that expats should be aware of....
by Lance Morris | Mar 23, 2025 | Foreign Income
Navigating US Tax Returns with Foreign Income Understanding the tax implications of owning a business in Australia as a US citizen is crucial for compliance. US citizens must adhere to both US and Australian tax laws. Australia imposes a corporate tax rate of 30% for...
