Although U.S. tax residents generally do not owe income tax when they receive an inheritance from abroad, reporting rules may still apply.
Tax Compliance
Category
IRS Form 3520 Explained: Foreign Trusts & Gifts
In the area of foreign trusts and foreign gifts, the greatest risk to U.S. taxpayers is information reporting, not tax.
How To Know If You Qualify for an IRS Installment Agreement
Many taxpayers with an outstanding balance with the IRS can qualify for a monthly payment plan, commonly known as an Installment Agreement.
U.S. Tax Rules for Selling Foreign Real Estate
When someone becomes a U.S. tax resident, all worldwide income must be reported to the IRS, including gains from the sale of foreign property.
U.S. Tax Rules for F-1 Students
Scholarship rules, treaty benefits, employment taxes, and state requirements can all affect the tax liability of F-1 students.
U.S. Tax Compliance Guide for Foreign Business Owners
Foreign owners of U.S. businesses with U.S.-based workers enter a tax framework that combines income tax rules with employment tax compliance.
