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Reporting Requirements › Internal Revenue Service › Foreign Earned Income

Allen Barron, Inc.

Tax Developments for US Expatriates

Allen Barron, Inc. on

There have been many recent tax developments for U.S. expatriates. It is essential for U.S. citizens residing outside the United States and those considering an expat life to understand their responsibilities as U.S....more

Foodman CPAs & Advisors

Are there conflicting signals from IRS as it relates to Section 965?

Foodman CPAs & Advisors on

IRC Section 965 (Treatment of Deferred Foreign Income Upon Transition to Participation Exemption System of Taxation) was part of the TCJA enacted on December 22, 2017.  ...more

Rosenberg Martin Greenberg LLP

I am a U.S. citizen and own rental real estate in a foreign country. Am I required to report my rental income on my U.S. tax...

Rosenberg Martin Greenberg LLP on

Yes. Most countries tax their citizens based on where those citizens reside. However, U.S. citizens are required to report their worldwide income. Therefore, if you are a U.S. citizen who owns income producing property in...more

McDermott Will & Emery

Illinois Confirms Treatment of Deemed Repatriated Foreign Earnings Provisions

McDermott Will & Emery on

On Wednesday, the Illinois Department of Revenue (Department) issued additional guidance concerning its treatment of the new deemed repatriated foreign earnings provisions found in Internal Revenue Code Section 965, enacted...more

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