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ABCast Episode 9 – International Tax Planning

Episode 18 - International Tax primer Strategies and Forms

Our Firm’s podcast ABCast is pleased to release Episode 9 – International Tax Planning which as an overview of many legal and tax issues associated with international business, investments, financial accounts and assets.  International tax planning is essential to protect your assets while minimizing the impact of taxation.  The reporting requirements to the IRS, the State of California and other state tax agencies associated with international tax planning are quite extensive.

In ABCast Episode 9 – International Tax Planning Janathan Allen discusses issues such as what constitutes a “US Person” under the IRS rules and who has to file a US tax return.  The answers may surprise you.  Most Americans don’t realize the US taxes all income worldwide.  Many foreign nationals who live and work in the United States may not also realize they have an obligation to file a US tax return.  Janathan discusses a broad range of international tax issues such as the impact of FATCA, FBAR reporting as well as other forms associated with the reporting of international income.

What tax-related issues do owners of foreign corporations face as US taxpayers?  What is a PFIC (Passive Foreign Investment Company) and how do IRS PFIC calculations substantially impact the tax implications of a foreign investment?  How are foreign trusts and offshore partnerships taxed in the US?  What are the implications of recent changes in legislation and at the IRS related to cryptocurrency and Non-Fungible Tokens or NFTs?

If you have international business, income, financial interests, investments or crypto you will find this episode to be interesting and informative. We invite you to listen to ABCast Episode 9 – International Tax Planning and hope you enjoy learning more about the tax services provided by Janathan L. Allen, APC as a part of the integrated offerings of Allen Barron, Inc. We invite you to meet with experienced San Diego tax attorney Janathan Allen by contacting Allen Barron, or call 866-631-3470 to schedule a free consultation.

ABCast Episode 9 - International Tax Planning





Read a Transcript of Episode 9 – International Tax Planning