Did you know offshore real estate ownership carries IRS reporting requirements? If you are a US taxpayer or US resident you need to be aware of the IRS reporting requirements associated with the ownership of foreign real estate. There are many ways you may hold title to the offshore real...
Investment in a Foreign Trust Creates Complex Reporting Requirements
The IRS has clearly identified legitimate reasons why "US Persons" would establish or maintain ownership in a foreign trust. However, there are significant and complex tax reporting requirements associated with US taxpayers who are beneficiaries with an investment in a foreign trust. There are specific transactional reporting requirements for those...
The Challenges of Offshore Investment Accounts
US taxpayers must be aware of the challenges of offshore investment accounts as they relate to tax liability and the ramifications of FATCA and compliance with IRS FBAR reporting. The greatest risk to US taxpayers with offshore investment accounts may be the complex accounting and legal distinctions regarding foreign investments...