International Tax for US Citizens and Residents
The United States is one of two nations that imposes its income tax on citizens and residents on their worldwide income, and not just the income generated within its borders. (The other is Eritrea.) To give the IRS a chance to verify what taxpayers report on their tax returns, Congress has passed numerous reporting obligations to force taxpayers to tell the IRS about a wide variety of foreign assets they own. These obligations can be confusing at best, and Strohmeyer Law helps clients meet those obligations.
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