Knowledge

The IRS recently published final regulations under Section 2801 of the Internal Revenue Code. Section 2801 was enacted as part of the Heroes Earnings Assista...

As we transition into a new tax regime for non-domiciled individuals, taxpayers who have previously benefitted from the remittance basis will still be subjec...

2024 has seen unprecedented levels of political change across the world, including the recent US election. Regardless of your political association one thing...

After a tight race, we now know that Donald Trump will be returning to the White House, becoming just the second president in history, after Grover Cleveland...

Introduction The US is a very popular jurisdiction that attracts foreign investment. For those investors who are tax resident in the UK, choosing the right investment structure is key. A favoured U...

Introduction More and more families are becoming internationally mobile, with family members spread throughout the world. For educational, professional, and lifestyle reasons, the US has become an ...

Introduction: Understanding the concept of tax residency is crucial for individuals living or earning income in the United States. The determination of tax residency has significant implications on...

The Dilemma US family trusts continue to be a popular and powerful estate planning tool in the US, providing various tax benefits as well as non-tax benefits in the form of asset protection and wea...

There has been a lot in the press and articles written by practitioners about how Labour proposes to modify the tax treatment for individuals resident but no...

Introduction US citizens and green card holders are subject to US taxation and reporting on a global and annual basis, wherever they are physically resident. Whilst US citizenship to some is a very...

Introduction Investing in US real estate can be an attractive prospect for Non-Resident Aliens (NRAs) seeking to diversify their investment portfolios or establish a foothold in the American proper...

Overview Tax filing deadlines are an important aspect of personal finance in the United Kingdom. Understanding these deadlines is crucial for individuals to ensure compliance with tax laws and avoi...

Overview Individuals who are UK resident but not domiciled (see Understanding domicile for UK tax purposes ) in the UK have the option to be taxed on either the arising basis or the remittance basi...

What is Subpart F Income? ‘Subpart F’ literally refers to a specific area of the internal revenue code (IRC) which addresses the Subpart F regime. Subpart F consists of IRC sections 951 – 965, the ...

When it comes to taxation, understanding individual domicile status is crucial. In the U.K., domicile plays a significant role in determining an individual's tax liabilities. It is a complex concep...

The IRS Streamlined Filing Procedures offer a simplified and streamlined approach for non-compliant taxpayers to catch up on their tax obligations without facing excessive penalties or legal repercussions.

FBARs, or Foreign Bank Account Reports, are an essential component of the United States government's efforts to combat tax evasion and money laundering. These reports require U.S. citizens and resi...

US citizens and those domiciled in the US are subject to US estate tax on their worldwide assets.

Passive Foreign Investment Companies (PFICs) are a significant aspect of international tax planning for individuals with investments and ownership in foreign investment vehicles.