There is much discussion of the U.S. rules which operate to impose taxation on the residents of other countries and income earned in those other countries. You will hear references to “citizenship taxation”, “FATCA Canada“, PFIC, etc. It is becoming more common for people to wish to relinquish their U.S. citizenship. The most common form of “relinquishment is renunciation”. The U.S. tax rules, found in the Internal Revenue Code, impose taxes on everything. There is even a tax on “renouncing U.S. citizenship”. I don’t mean the $2350 USD administrative fee which everybody has to pay. (Isn’t that really a tax?). I mean a tax on your assets. To be clear:

• You must pay a price to NOT be a U.S. citizen. Read More

It is very exciting coaching tax professionals how to get ahead in the tax profession with the newest marketing technology, especially since there are more than 50 Million pages of tax professionals on a Google search. TaxConnections technology provides tax professionals with the ability to rise above the web crowd quickly giving them a significant competitive advantage! We will demonstrate how to take any tax professional to the front of the people’s minds literally overnight with this new technology!

With new technology, there are the “early adopters of new technology” who are leading the way; and then there are tax professionals who languish around on other sites following the herd while their tax identities are being sold for a fee to email them a message; and then there are those remaining resisters of new technology who remain out of sight. Read More

What Are Your Tax Filing Obligations As A U.S. Citizen Living Abroad?

Learn From ExpatTaxProfessionals By Clicking On These Videos.
Introducing Tax Experts: Ephraim Moss and Joshua Ashman, ExpatTaxProfessionals, U.S. And U.K.

Ephraim Moss

 

 

Joshua Ashman

 

Want A Free VIP Ticket To TaxConnections Internet Tax Summit?- CLICK HERE

Internet Tax Summit

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There is a lot of activity around the complimentary tickets to the Internet Tax Summit; however, it is the software we built for marketing tax professionals that provides insight into a visceral marketing experience. Early on in the creation of www.taxconnections.com we knew tax professionals did not have the time to market their tax services and some simply do not enjoy the marketing required to succeed in the tax profession. We knew we could provide a solution but it had to be different and much more than banner ads. For those of you who may be unfamiliar with neurolinguistics, it is the study of how our brains store knowledge and how we acquire and comprehend this information.

People have different ways they acquire and accept the information. For instance, there are visual people who are more motivated more to purchase when you use words like Read More

On October 18, 2011 the U.S. Ambassador to Canada – Ambassador Jacobson – made a speech on “U.S. Canada Relations” to the Canadian club. The speech took place after the frightening summer of 2011 during which thousands of Canadians:

1 Learned that they might be considered to be U.S. citizens;

2. Learned that they might be required to file U.S. taxes;

3. Made attempts to file those taxes (often through the 2011 “OVDI” program).

Americans abroad throughout the world were living in a “state of fear and confusion” sheer terror. Read More

Recently, I received a call from a tax lawyer who is a former Partner in a Big Four firm, a former Partner in a multinational Law Firm, and a VP Tax from a major multinational corporation. We were discussing the future of tax organizations and how the world is moving rapidly towards the emergence of greater virtual tax organizations. What is a virtual organization? According to Businessweek it is “a temporary network of independent organizations linked by IT to share skills, costs and access to one another’s markets”. As more tax organizations are distributed geographically and virtually coordinated through electronic communications, changes are inevitable. The rise of virtual tax organizations will lead the way to extraordinary opportunities in how we all conduct business.

Virtual tax organizations enable each party to gain increased access to specialized Read More

As a follow up to the very popular blog post “Corporate Tax Professionals Surprised By Stunning ‘Spans & Layers’ Report By Bain And Company“, I want to share with you several people sent me private emails commenting on the blog post because they did not want to post publicly. However, they wanted to acknowledge the article as something that hit a nerve for them.  One comment that covered the thoughts of many was “It is much harder in corporate these days as the expectation is to do much more work with much less in-house support.” Corporate tax leaders are often pushed to the limit in a more complex tax environment. As a result, the future Read More

TaxConnections is spotlighting Tax Experts during the Internet Tax Summit September 21-23rd 2105. An entire day of the Internet Tax Summit will be devoted entirely to C-Suite Executives and Corporate Tax Leaders. As this historical three-day event unfolds online, TaxConnections places the spotlight on Tax Experts who will educate corporate tax executives on tax trends that will affect their bottom line. Corporate management teams are often unaware of how business transactions will affect them from a tax perspective. The Tax Experts at the Internet Tax Summit will break issues down into real stories affecting real companies and costing them millions of dollars in tax revenue.

There are CEOs and CFOs who are paying attention to great tax strategies! The goal of the Internet Tax Summit is to introduce the talents of current and emerging tax experts who Read More

“Passion is absolutely necessary to achieve any kind of long-lasting success.” In a minute, I will share with you who that quote belongs to but for this moment  remember that passionate people have very strong beliefs. As I was arranging speakers for the Internet Tax Summit, the passion these tax experts have in protecting taxpayers and businesses was prevalent. You know when you encounter people in life with purpose and passion for what they do; you know they get things done.  You can expect to encounter tax professionals who get things done at TaxConnections Internet Tax Summit. You are  invited to meet and interact with Tax Experts in this historical event where individual taxpayers and business leaders meet tax experts during an online event. It is free so all you need to do is register and we will send you a link to access the Internet Tax Summit. Read More

Preliminary Introduction For TaxConnections Global Internet Tax Summit, September 21-25, 2015

The most recent IRS push to close “the Gap” between collected U.S. tax revenue and the total tax revenue which should be reported by U.S. citizens and alien residents of the United States has focused on offshore income concealed in foreign or offshore accounts.

U.S. citizens are liable for U.S. taxation on all income realized globally, regardless of the foreign jurisdiction in which their funds are deposited in foreign accounts.  U.S. citizens are not only liable for U.S. tax on such foreign sources of income, they are required to report all funds in excess of $10,000.00 on deposit in foreign accounts over which they have “signature authority” even if they only have a nominal “financial interest” in the Read More

With an estimated 8.7 Million expatriates living around the world, many are unaware of their U.S. tax filing obligations. For those following the issues surrounding FATCA, they are well aware that expatriates are angry and scared. For the two-thirds of the U.S. expatriates who are still unaware, we bring knowledgeable experts who will explain what is happening and get you up to date at the Internet Tax Summit scheduled September 21-25th 2015. The first day of the Internet Tax Summit, expatriates will be able to go online and learn what is happening from tax experts, get answers, and get the help they need.  You can expect this historical, free online event is certain to get millions of expatriates up to speed on the only country in the world with citizen based taxation. We promise the information you learn will be STUNNING! Read More

TaxConnections is spotlighting 25 Tax Experts during the Internet Tax Summit September 21-25th 2105. An entire day of the Internet Tax Summit will be devoted entirely to C-Suite Executives and Corporate Tax Leaders. As this historical five-day event unfolds online, TaxConnections places the spotlight on Tax Experts who will educate corporate tax executives on tax trends that will affect their bottom line. Corporate management teams are often unaware of how business transactions will affect them from a tax perspective. The Tax Experts at the Internet Tax Summit will break issues down into real stories affecting real companies and costing them millions of dollars in tax revenue.

There are CEOs and CFOs who are paying attention to great tax strategies! The goal of the Internet Tax Summit is to introduce the talents of current and emerging tax experts who Read More