PFIC and form 8621

PFIC and form 8621

The PFIC rules apply to US persons. I.e. individuals, corporations, estates and trusts who are US residents or US citizens. US citizens living overseas invest in foreign investment vehicles, as that’s where they live. With it may come a bad surprise. A punitive...

Tax Time is Around the Corner! Are You Ready?

Article Highlights: Time to Gather Your Information New for 2020 Choosing Your Alternatives Tips for Pulling Your Information Together Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore of compiling...

The second covid 19 stimulus checks

Welcome into 2021 I’m Olivier Wagner, EA, CPA. I have been operating 1040 awards since 2012 and today I will discuss the seven stimulus check which was passed into law during the last days of 2020. These checks amount to only $600 dollars per person unlike the $1,200...

Tax residency in Canada – overview

Good morning. I am Olivier Wagner. I have been operating 1040 Abroad since 2012. I’m an annual agent and a CPA. Today, I will discuss tax residency in Canada. While this is not a U.S. tax concept, it does impact a lot of my clients. We will get an overview of the...

Expatriating Act – Are you actually American?

Welcome!!! I am Olivier Wagner. I have been operating 1040 abroad since 2012, preparing returns for Americans who live overseas helping them get into compliance. I sometimes touch upon immigration questions along the way. I am here addressing expatriating acts and how...