IRS Offers First Amnesty Program for the Repatriation Tax

When tax reform was passed last December, the new legislation included a requirement for certain individuals with an interest in a foreign corporation to calculate and report a Repatriation Tax on their 2017 tax returns.  This tax (or the initial installment payment) was due [...]

By |2020-03-19T15:31:25-04:00June 21st, 2018|

IRS Releases New Guidance on the Repatriation Tax

The IRS released Frequently Asked Questions for the Repatriation Tax on March 13, 2018.  Under FAQ 11, the IRS politely asked all individuals who have a repatriation tax issue not to electronically file Form 1040 until April 2, 2018.  Well, here we are, and [...]

By |2020-03-19T15:32:47-04:00April 3rd, 2018|

Insights from across the Pond: Investing Tips for U.S.-UK Individuals

In March 2018, The Wolf Group caught up with Andrea Solana, Head of Advanced Planning at MASECO Private Wealth in the UK. Andrea has considerable experience advising high-net-worth individuals with financial interests in multiple countries and holds investment licenses in both the U.S. and [...]

By |2020-03-19T15:33:04-04:00March 28th, 2018|

Planning a Move to the U.S.? Move These 4 Tasks Up Your Priority List

Preparing for an international move generally involves an extensive to-do list, topped by tasks such as finding a new home, choosing schools for the children, establishing a banking relationship, and figuring out transportation. If you are like most people, “tax matters” is likely pretty [...]

By |2020-03-19T15:33:49-04:00March 28th, 2018|

The Ides of March 2018 – The end of OVDP!

On March 13, 2018, the IRS announced that the 2014 Offshore Voluntary Disclosure program, better known as OVDP, is coming to an end on September 28, 2018.  The next few months will be the last opportunity taxpayers will have to avail themselves of the [...]

By |2020-03-19T15:34:20-04:00March 28th, 2018|
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