Posts Tagged ‘Global Mobility’
Trump’s Immigration Gold Card: Potential Tax Implications for Foreign Individuals
At a glance The full story: Recently, President Trump shared his intention to create a new type of visa for high-income-earning individuals interested in moving to the United States. This visa — which the new administration has dubbed the “gold card” — would give foreign individuals and their families a pathway to citizenship and permanent…
Read MoreIRS Stops Automatic Penalties for Late Filing of Form 3520
At a glance Schedule a consultation The full story: Last October 24, 2024, the Internal Revenue Services (IRS) released a statement at the UCLA Extension Tax Controversy Conference explaining the end of its practice of automatically imposing penalties for late filings of Form 3520, but subject to reasonable grounds. With inaccurate assessments and financial hardships…
Read MoreGlobal Mobility: Year-End Payroll Considerations – What You Need to Know
At a glance Schedule a consultation The full story: It is important for all businesses to perform a year-end payroll review for accuracy and compliance purposes — but the practice is especially critical for those with globally mobile workforces. Your year-end payroll review should incorporate all foreign tax payments, assignment related allowances and adjustments, for…
Read MoreU.S. Expatriation Tax and Form 8854: Planning Ahead for Exit Tax Compliance
At a glance Schedule a consultation The full story: The individual U.S. expatriation tax is for U.S. citizens or green card holders. This is for long-term residents who have been green card holders for a minimum of eight of the prior fifteen years and U.S. citizens who are formally relinquishing their citizenship or green card…
Read MoreWebinar – Global Mobility – The Future of Work is Global
Global Mobility 101: Your U.S. Expat Work Abroad Guide
At a glance Schedule a consultation The full story: Deciding to take on an international assignment is an exciting opportunity that may make or break an employee’s career and the employer’s representation, depending on how well it is executed. The excitement of being a U.S. expat on a global mobility assignment also comes with proper…
Read MoreExpat Tax Break: How the Foreign Earned Income Exclusion and Foreign Housing Exclusion/Deduction May Help Reduce Your Tax Bill
At a glance Schedule a consultation The full story: The Foreign Earned Income Exclusion (FEIE) is a tax benefit for U.S. expats living and working abroad. Employees who take formal assignments with companies for a year or more, or individuals who relocate outside of the U.S., may benefit from the FEIE. The provision can significantly…
Read MoreWhat Is Global Mobility and Why Should You Care?
At a glance Schedule a consultation with Aprio today The full story: The post-pandemic world has ushered in a flood of economic, business, health and societal changes. Perhaps one of the most profound changes is the rapid expansion of globalization, particularly when it comes to how and where we do business. Not only are companies…
Read MoreYelena Epova as a special guest on “Business Radio X” podcast
Listen to the podcast here! Yelena Epova is the partner-in-charge of the international tax services at Aprio. She specializes in advising domestic and international companies on international tax issues and tax planning strategies regarding inbound and outbound operations. She also assists clients with domestic tax issues by providing tax planning and compliance services. As a Russian speaking CPA…
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