This citizenship by investment program wasn’t that well marketed. The reason for this is because they used to have an old program that wasn’t really good. The new program was created in 2017. The biggest advantage is that this is the fastest program in the world You will be able to get a new passport…
If you are anything like us, you’re always interested in the loopholes and tricks that can make both your personal and professional life easier. It is indeed a good feeling when you manage to navigate the system and get the things that others can not get. Believe it or not, there are some shortcuts…
IRS Form 5471 is a tax form for foreign companies owned by US persons. In most cases, form 5471 applies to US citizens and residents who own foreign corporations. It does not matter which country a US person lives in. If that person owns stock in a foreign company as a director or officer, then…
IRS Form 5472 is known as Information Return of a 25% Foreign Owned US Corporation or a Foreign Corporation Engaged in a US Trade or Business. As the name of the form suggests, it is for US businesses which have at least 25% of foreign ownership and are involved in a US business or…
Form 8865 is a form related to Tax Returns for Foreign Partnerships. It is to be filed annually by all US citizens and legal permanent residents who have an interest in a foreign partnership. According to the IRS, a partnership is a relationship that exists between two or more people who come together for the…
