I.R.C. § 877A Archives - FREE Yourself from IRS Problems

Shamsey Oloko March 1, 2017 FATCA, FBAR, Foreign Earned Income, Foreign Financial Account, Foreign Housing Exclusions & Deductions, Foreign Tax Credit, Tax Evasion, Tax Information Exchange Agreement

Moving To Canada? Here Are Your Tax Consequences

After the presidential election, some citizens planned on renouncing their citizenship and moving abroad to Canada, or elsewhere. It would be interesting to survey those who stated this proposition to see if they followed through on their promise (or threat).…

Shamsey Oloko October 26, 2016 Tax Attorneys, Tax Evasion, Tax Filing Deadlines

Moving To Canada After The Presidential Election? Remember Your Taxes

The U.S. taxes its citizens on all income, regardless of where they live and earn this income. With the impending presidential election, the notion of some citizens renouncing their citizenship and moving abroad to some place like Canada based upon…

Shamsey Oloko March 14, 2016 Civil Liabilities, Civil Penalties, Collection Activities, Criminal Liabilities, FATCA, FBAR, Filing Status, Foreign Financial Account, Foreign Tax Credit, Income Tax, News

Renouncing Your US Citizenship to save Taxes? Think Again.

Unlike most countries, the U.S. taxes its citizens on all income, no matter where they live and where their income is earned. The current United States tax laws, because of requirements for reporting income, filing tax documentation, as well as…