OVDP Mark-To-Market (MTM) PFIC Conundrum – International Tax Lawyers

Understanding the OVDP PFIC & MTM Conundrum. OVDP is the Offshore Voluntary Disclosure Program. A PFIC is a Passive Foreign Investment Company (PFIC). MTM is the Mark-to-Market Election, and the conundrum is whether an OVDP with Opt-Out is a preferred method (over the IRS Streamlined Offshore Disclosure Program) when you have the issue of a…


Foreign Business Reporting & U.S. Tax – 10 Basic Facts to Know

Foreign Business Reporting & U.S. Tax  Reporting Foreign Businesses & U.S. Taxes are complicated issues – and we’re here to help! Whether it is because you started your own business, or invested in another business — business can be very exciting. With that said, there are very specific tax laws, rules, and nuances that come…


FBAR & FATCA, What’s The Difference – Summary Review Guide

Learning about FBARs, FATCA and other IRS related acronyms is a double-edged sword. On the one hand, you now have the knowledge and the wherewithal to get into compliance and avoid the IRS issuing excessive fines and penalties against you for what really seems to be minor issues. On the flip-side, if, armed with this…


Expat Tax Questions & Answers – IRS International Reporting Guide

We are providing you with “Expat Tax Questions & Answers – IRS International Reporting Guide,” prepared by the International Tax Lawyers at Golding & Golding. As a U.S. Expat, there are very important tax laws that you must be aware of in order to ensure you remain in compliance with IRS filing and reporting requirements….