Article – Biden Tax Plan – Capital Gains

Article – Biden Tax Plan – Capital Gains

In our previous article, we focused on the potential tax changes to cryptocurrencies, proposed by US President Joe Biden. This week, we move our focus to the possible changes which may be made to capital gains tax. President Biden has made it abundantly clear that he...

Video – Form 709 – How Gifts are Taxed

Video – Form 709 – How Gifts are Taxed

For most, it may seem logical that upon receiving a gift, you may end up with a tax liability, this is not the case with regards to US taxation. In the US, gifts are taxed to the person making the gift, rather than the recipient. But even then, large exclusions exist...

Video – Form 8938

Video – Form 8938

Whilst the Report of Foreign Bank Accounts (FBAR) has become more widely known amongst US expats in recent years, lesser known is Form 8938. Administered by the IRS, Form 8938 is very similar to the FBAR, but does have some key differences on who needs to file. Learn...

Video – Schedule F and Farming Income

Video – Schedule F and Farming Income

Amongst the many thousands of rules and regulations that the IRS requires US citizens to comply with, are a separate set of regulations and forms for those with income from farming. Reported on Schedule F, farming income can have some very beneficial tax treatment,...

Video – The Substantial Presence Test & Tie Breaker

Video – The Substantial Presence Test & Tie Breaker

Despite global travel restrictions, here at US Global Tax, we still work with a large number of clients who travel back and forth to the US frequently. The Substantial Presence Test can be used (amongst other regulations) to determine when you may become a tax...

Video – FIRPTA Withholding for Non-Residents

Video – FIRPTA Withholding for Non-Residents

Buying and selling property in the USA is a popular investment method for many, including non-US citizens. But, the tax implications of selling a US based property can sometimes be confusing, and costly. Learn more in our video below, or call us today.

Trust Extension Deadline Today

Trust Extension Deadline Today

Its been a busy week for us at US Global Tax. Here we are at the first deadline for the year, the 15th March foreign trust filing deadline (most corporate tax filings also are due today). For any US citizen who has an interest in a non-US trust, you may have a...