Tax treatment of capital investment abroad

No you won't be able to simply deduct the $25,000 because it is a capital investment and not an expense. Depending on how the foreign business...

1. What kind of taxes do I have to pay? How much? Will I be taxed for past years income?

As a dual-citizen (US and Malaysia), you're required to file US tax return and other information return reporting your foreign income and assets,...

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Hi I live overseas but I'm a US citizen. I sell foreign goods to the US online. Should I pay US taxes or foreign country tax?

The foreign country of residence has the right to tax you first. This applies in both situations. It would be hard to argue that you are a US tax...

Can I do a §1031 exchange?

You would unlikely be able to do a proper 1031 exchange. Personally, you would not be able to do a 1031 exchange. You cannot exchange a LLC...

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You are correct that you have to file Form 3520, since you are receiving more than $100,000 from a nonresident alien. FYI, the IRS has been...

My ten thousand dollar investment could now be worth millions. What is the best way to keep it?

If you do not see yourself selling off the investment during your lifetime, you should be more concern with estate tax than the income tax. It is...

Your father may be subject to the new "exit" tax when he gives up his green card. The exit tax applies to US citizens relinquishing their...

International inheritance taxes

If the person you are inheriting the money is not a US citizen or resident, then there will be no US income, estate or gift tax on the inheritance....

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