by JH | News tax insight | Nov 26, 2025 | Controversy Tax
An Offer in Compromise (OIC) is a legal mechanism that allows a taxpayer to settle an IRS tax debt for less than the full amount owed. It is not an automatic forgiveness program, nor a discretionary deal without limits. The IRS may accept an OIC only when the legal...
by JH | News tax insight | Nov 25, 2025 | International Tax, Offshore Tax Compliance, Tax Preparation
The U.S. tax system has a uniquely broad reach. U.S. citizens, lawful permanent residents, and certain resident aliens must report all of their worldwide income to the IRS—no matter where it is earned. This rule applies even more strictly when taxpayers own or...
by JH | News tax insight | Nov 24, 2025 | Tax Preparation
A divorce involves more than dividing property and determining custody; it also creates significant federal tax obligations before the IRS. If not properly managed, these obligations can lead to unexpected liabilities, penalties, and disputes. This article provides a...
by JH | News tax insight | Nov 21, 2025 | International Tax, Offshore Tax Compliance
If you are a foreign national living in the United States and taxed as a U.S. resident, you may be surprised to learn that the sale of your U.S. real estate could still trigger FIRPTA withholding. Many taxpayers incorrectly assume that immigration status and tax...
by JH | News tax insight | Nov 20, 2025 | International Tax, Offshore Tax Compliance
Purpose of U.S. Tax Residency Rules for Foreign Nationals with Offshore Investments The U.S. tax residency rules are designed to determine which individuals are subject to the country’s global tax system. Once a foreign national becomes a U.S. tax resident, they must...
