by JH | News tax insight | Dec 3, 2025 | International Tax, Offshore Tax Compliance
For a “U.S. person” (a U.S. citizen, a U.S. tax resident, or certain entities), owning bank or investment accounts outside the United States is completely legal. The obligation is transparency: all foreign financial assets must be reported, and any income they produce...
by JH | News tax insight | Dec 2, 2025 | International Tax, Offshore Tax Compliance, Tax Compliance
Understanding the Federal Tax Impact of U.S. Operations When a foreign individual or foreign company forms a business entity in the United States—such as an LLC or corporation—and begins operating with U.S.-based workers, they enter a federal tax framework that...
by JH | News tax insight | Dec 1, 2025 | International Tax, Offshore Tax Compliance
Consider the case of Daniel, a Brazilian software engineer who relocates to the United States for work and becomes a U.S. tax resident under the substantial presence test. Although Daniel now lives in Washington, D.C., he continues to maintain a checking account in...
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...
