You are likely covered by FATCA if you qualify as a specified individual. If you hold a green card, you likely qualify as a specified individual. ...

Your question isn’t very clear, but I’m assuming you want to claim your children as dependents. If so, you can usually claim your children as...

You may legally receive a large gift from a foreign family member in the United States. From a tax perspective, I can answer your question. ...

Generally, a student with F1 status is likely be exempt from the Substantial Presence Test during the first five cumulative calendar years. If you...

You typically need to file Form 8858 if you have a foreign branch. According to the IRS, whether a foreign business qualifies as a foreign...

If your father gives you a cash gift of $50,000, there could be some gift tax issues to consider. I’ll answer your questions one at a time. I’m...

You could likely qualify for the Streamlined Foreign Offshore Procedures (SFOP) even if you underreported foreign account income by less than $3....

If non-resident parents are gifting cash to their U.S. citizen children, it is likely to trigger tax issues. A cash gift made from a U.S. bank...

Based on the facts provided, it is not clear what the facts and issues are. If there is a letter coming from the IRS or the Court, please do not...

As a green card holder, you may be required to report your worldwide income, regardless of where you physically work, and you may be taxed on it....