Evolution Tax and Legal https://evolutiontaxlegal.com Tax and Law Services Sat, 19 Jun 2021 04:30:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://secureservercdn.net/104.238.68.130/ymp.bd4.myftpupload.com/wp-content/uploads/2020/05/cropped-ALTON-logo1-32x32.png Evolution Tax and Legal https://evolutiontaxlegal.com 32 32 Form 8621 for Shareholders of Passive Foreign Investment Companies https://evolutiontaxlegal.com/form-8621/ Sat, 19 Jun 2021 04:19:01 +0000 https://evolutiontaxlegal.com/?p=2812 If you are living and working abroad as a U.S. citizen, it is likely that at one point you may open up a foreign mutual fund and begin earning income […]

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Form 8938: Statement of Specified Foreign Financial Assets https://evolutiontaxlegal.com/form-8938/ Fri, 11 Jun 2021 03:44:00 +0000 https://evolutiontaxlegal.com/?p=2810 One of the most difficult parts of living and working abroad as a U.S. citizen is the countless forms that must be filed around tax season each year. One of […]

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Form 8865: Information Return for Owners of Certain Foreign Partnerships https://evolutiontaxlegal.com/form-8865/ Mon, 17 May 2021 16:24:00 +0000 https://evolutiontaxlegal.com/?p=2736 Every year, U.S. citizens who live or do work abroad have a number of forms they must file for compliance with the U.S. tax code. We are nearing the halfway […]

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Form 8858: Information Return for Owners of Foreign Disregarded Entities & Foreign Branches https://evolutiontaxlegal.com/form-8858/ Mon, 03 May 2021 16:03:00 +0000 https://evolutiontaxlegal.com/?p=2731 In order to comply with the United States tax code, each year U.S. taxpayers who live or work abroad are asked to file a number of forms in addition to […]

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Form 5471: Reporting Foreign Corporations & Related Income https://evolutiontaxlegal.com/form-5471/ Sun, 18 Apr 2021 01:12:00 +0000 https://evolutiontaxlegal.com/?p=2531 Tax season is coming to a close and if you share ownership in a foreign corporation, you’re probably starting to look through Form 5471. Form 5471 is a required tax […]

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Form 3520: Reporting Foreign Trusts, Inheritances & Gifts https://evolutiontaxlegal.com/form-3520/ Fri, 16 Apr 2021 00:56:00 +0000 https://evolutiontaxlegal.com/?p=2526 As we near the end of tax season, it is beneficial to take a quick internal audit of your assets and forms filled to ensure you’ve completed your filings for […]

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Senate Finance Committee’s International Taxation Overhaul https://evolutiontaxlegal.com/senate-finance-committee-international-taxation-overhaul/ Mon, 12 Apr 2021 01:26:00 +0000 https://evolutiontaxlegal.com/?p=2533 The Senate Finance Committee released an article last week highlighting changes they plan to make to the current international taxation system. These changes will be made in an effort to […]

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Biden’s Infrastructure Plan: What You Need To Know https://evolutiontaxlegal.com/biden-infrastructure-plan/ Fri, 09 Apr 2021 19:39:56 +0000 https://evolutiontaxlegal.com/?p=2511 President Biden announced a new infrastructure plan last week that he has dubbed “a once-in-a-generation investment in America.” Biden promises that this infrastructure plan will create millions of good-paying jobs, […]

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Series 207: International Tax Planning for Businesses, Pt. II – Inbound Tax Planning https://evolutiontaxlegal.com/inbound-international-tax-planning-for-businesses/ Wed, 31 Mar 2021 03:24:26 +0000 https://evolutiontaxlegal.com/?p=2481 I. Overview of Inbound Tax Planning The U.S. system governing the taxation of income earned by non-U.S. persons draws a fundamental distinction in the U.S. tax treatment of income that […]

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2021 Tax Deadline Extension https://evolutiontaxlegal.com/2021-tax-deadline-extension/ Wed, 24 Mar 2021 20:16:12 +0000 https://evolutiontaxlegal.com/?p=2449 The Internal Revenue Service announced on March 17 that they would extend the 2021 federal tax return filing and payment deadlines from April 15 to May 17. This ruling was […]

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