New year, new tax, new form – Tax on “Covered Gifts and Bequests” and Form 708 U.S. Return of Gifts or Bequests from Covered Expatriates (form not yet released)
17 years ago, Congress enacted a new federal tax on gifts and bequests received by a U.S. person from those who relinquished the U.S. citizenship or residency. On January 14, 2025, the IRS published the final regulations. The IRS is yet to release the new Form 708 U.S. Return of Gifts or Bequests from Covered Expatriates.
Happily Ever After, Beyond Borders: Tax Planning for International Couples
Proactive money talks and tax planning lead to a financial success for an international couple with U.S. tax implications.
To move or not to move : Pre immigration Tax Planning
Before you decide on moving to/from the U.S., don’t forget to add U.S. tax (with a question mark) in your checklist.