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FAQ

I am an expat of 20 years. It is15 years since I have filed a tax return. I have never made enough money to be taxed. How do I proceed from overseas?
Contrary to popular belief among expats, the obligation to file U.S. taxes does not end when you take up residence in a new country, even if you don’t ultimately owe taxes on your income. For more on expat tax myths debunked - see our article: Note to Expats: No, You Didn't Dodge the U.S. Tax Bullet.Therefore, in brief, assuming that your failure to file all of these years was non-willful (for example, you received bad advice in the past or otherwise had a good reason to think you had no filing obligation), your best bet is to enter into the IRS’s amnesty program called the Streamlined Foreign Offshore Procedures. Under the current Streamlined program, you’d be required to file the prior 3 years of tax returns and 6 years of FBARs and fill out a certification of non-willfulness. A taxpayer who complies with these procedures does have to fork over previously unpaid taxes with interest, but is not subject to penalties • a great deal for taxpayers who would otherwise be subject to potentially enormous penalties for non-compliance. In your case, this would work particularly well if you owe no back taxes (for example, due to the fact that your annual income falls below the foreign earned income exclusion threshold).The IRS amnesty programs have become quite popular for people in your situation. More than 100,000 disclosures have been processed from taxpayers around the world. When speaking recently about this program, however, IRS Commissioner John Koskinen suggested that the program will eventually be closed once the IRS determines that there’s no way a taxpayer who would want to participate couldn’t have heard about the process (rendering the taxpayer willfully delinquent by default) • so you should consider entering the program sooner rather than later.In theory, there are other potential options available to you, such as: (1) “Noisy” Disclosure (filing past delinquent returns with a statement explaining the reasons for the delinquency), (2) “Quiet” Disclosure (filing past delinquent returns without any statement of explanation), and (3) Prospective Filing (ignoring past delinquencies and complying only with respect to tax years moving forward).However, we do not recommend the above alternative approaches for a number of reasons. First, the IRS frowns upon attempts by taxpayers to circumvent the programs specifically designed to benefit delinquent taxpayers. Second, the outcomes associated with the alternative approaches can vary so greatly and can potentially lead to disastrous results. Third, we have yet to encounter a situation that justifies the risks associated with these approaches in contrast to the IRS amnesty programs, which offer the taxpayer certainty and a clean record moving forward.For more information and an in-depth analysis of solutions that we offer for delinquent taxpayers, you’re welcome to visit our website: www.expattaxprofessionals.com.
How can a Canadian resident (dual US-Canadian Citizen) file their first tax return with the IRS under the "Streamlined Foreign offshore procedures"?
The Streamlined procedures are not that complicated, on their face. All you have to do is file 3 years• tax returns, 6 years• Foreign Bank Account Reports (“FBARs”) and a form indicating why you didn’t comply earlier.There are a few complications around eligibility, but even that is not that bad.My blog: The IRS Changes the Streamlined Program for Americans with Foreign AssetsMy later blog: Update o the U.S. ‘Streamlined• Voluntary Disclosure ProgramIRS page: U.S. Taxpayers Residing Outside the United StatesBut it’s not quite so easyThe first real challenge is in filing your returns correctly. It’s important, because they’re going to get more scrutiny than a run-of-the-mill return, and not many people know how to prepare them correctly. US returns for Americans abroad are hard, but they don’t look it.For instance, if you have even a moderate amount of liquid wealth, you’re probably doing extra information reporting.If you sold a house, some of the gain may be taxable, even though it isn’t for Canadian purposes. If you have mutual funds, they are Passive Foreign Investment Companies (“PFICs”). They are taxed in a nasty, unfair way, and they require extra reporting.Stock options are taxed differently.If you own shares in a closely-held corporation, set up a trust or are a beneficiary of a trust, you’ve got extra reporting, and you may be taxed in a way that is, to say the least, counter-intuitive.If you’ve got these kinds of complications, don’t try this at home. Get a professional. It won’t be cheap, but getting it wrong can be very, very expensive.And now that you’re in the system…You need to do your tax planning in duplicate. You have the same issues as any other Canadian, but you want to ensure that you’re not dinged by the United States for doing what Canadians consider “ordinary”.So do you want to get out? Here’s how to do it:My blog: Expatriation - The Tax Aspects of Giving Up U.S. CitizenshipMy peer-reviewed academic paper (in case you have trouble sleeping): Canadian Tax Journal2013, Volume 61, Issue Number 1
What is the procedure to fill out the DU admission form? How many colleges and courses can I fill in?
It's as simple as filling any school admission form but you need to be quite careful while filling for courses ,don't mind you are from which stream in class 12 choose all the courses you feel like choosing,there is no limitations in choosing course and yes you must fill all the courses related to your stream ,additionally there is no choice for filling of college names in the application form .
How do I get hired to work in dental hospitals foreign countries? What are the exams and procedures had to take it out?
I can tell you about practicing in Dubai and other Emirates of U.A.E. There are three govt. health authorities in the U.A.E. They are DHA, MOH and HAAD.You can try to obtain a license to practice dentistry in Dubai and U.A.E. I recommend you to try through DHA (Dubai health authority) to get your license. There is prometric exam you should pass and you should have minimum 2 years working experience in your home country excluding your internship.If you are interested and want to appear for the exam you may contact me for further details. I can help you in getting the exam date and if you have a center in your home country you can write the exam and after passing the exam you come to Dubai on tourist visa and start your job search.
If a foreign citizen lives in the US on a working visa for more than a year, then what is his status? What tax form will such a person fill out when filing for taxes at the end of the tax year? Is the 1040NR the form to fill out?
In most situations, a person who is physically present in the United States for at least 183 days out of any calendar year is a US resident for tax purposes and must file Form 1040 as a tax resident. There are exceptions to this general rule, but none of them apply to people who are present in the United States in H-1B (guest worker) status. Furthermore, H-1B workers are categorically resident aliens for tax purposes and must pay taxes on the income they earn while in H-1B status as a resident alien in every year in which they earn more than the personal exemption limit. This includes both the first year and last year, even if the first or last year contains less than 183 days of residence in the United States. The short years may result in a filing as a “dual-status” alien.An H-1B worker will therefore only file Form 1040NR as his or her primary tax return in the tax year in which he or she leaves the United States permanently, and all US-connected income during that year will be taxed as if the taxpayer was a US resident, under the dual-status rules. All other tax returns during that person’s residence in the United States will be on Form 1040. The first year’s return may be under dual-status rules, with a Form 1040NR attached as a “dual status statement” as per the procedure in Chapter 6 of Publication 519 (2022), U.S. Tax Guide for Aliens. A person who resides the entire year in the United States in H-1B status may not use Form 1040NR, and is required to pay US income tax on his or her worldwide income, excepting only that income which is subject to protection under a tax treaty.See Publication 519 (2022), U.S. Tax Guide for Aliens for more information. The use of a tax professional, especially in the first and last year of H-1B status, is highly recommended as completing a dual-status return correctly is exceedingly challenging.
How much does it cost to start an offshore company in Delaware, US, as a foreigner? How difficult is the procedure?
Provided you are not from a country prohibited from doing business with the United States and you are not on a list of specially designated nationals subject to US sanctions, then you should be able to open a Delaware company as either a limited liability company or a corporation.The actual state filing fee to incorporate is only about $90 plus the need to hire a registered agent for about $99 per year. Most formation services charge nominal fees to assist with the state of Delaware filing and preparation of internal company documents of about another $100.You may want to obtain a US Employer Identification Number which is required if you would like to open a US bank account. This can be obtained by faxing a completed and signed FORM SS4 to the IRS. This takes about 3 weeks. Incorporation services can help with this for about another $100 to $200. If you do not have a US Social Security Number, you will not be able to obtain this EIN number online. It can only be obtained by fax.You should not need to have an address or office or even visit the United States. Banks all have “know your customer” rules and you must be there in person to open an account, based on our experience. Many banks are reluctant to work with people from outside the United States. You may want to ask your local bank where you live and with whom you have a banking relationship if they have a correspondent bank in the United States.You will need to file other IRS documents, such as the FBAR, if you have overseas accounts. Incorporation services, and even lawyers, do not help with this, you will want to contact a US Certified Public Accountant familiar with international tax requirements.Here is more information about incorporating in Delaware from outside the United States.How to Start a Business in the U.S.A. | IncNow
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