Virginia La Torre Jeker, J.D. — US tax matters affecting international clients
I am proud to share this article published by Bloomberg Tax (April 30, 2025), co-authored with Sofia Larrea, a dynamic young attorney based in Ecuador. As Latin America strives to be more noticed on the world stage, here are some important pointers about its tax laws and community property regimes which impact US taxpayers who … Continue reading What Tax Advisers Should Tell U.S. Clients Moving to Latin America
Want to learn all about FBAR and why Pope Leo XIV probably has to file it for the Vatican Bank's accounts? This is the webinar to attend. Navigating Foreign Accounts & FBAR: Avoiding Traps That Lead to Costly Penalties Date: Tuesday, May 13, 2025 | Time: 11 AM ET | Duration: 100 mins | Credits: 2 IRS CPEs Register here and use … Continue reading WEBINAR: Learn All About FBAR and Pope Leo XIV’s FBAR Duties With Accounts at God’s Bank
Yesterday, the world welcomed Pope Leo XIV, a U.S. citizen, as the newly elected Pope, marking a historic moment for the Catholic Church. But amid the papal fanfare, a quirky tax question arises: could His Holiness need to file a Report of Foreign Bank and Financial Accounts (FBAR) for the Vatican Bank’s accounts? It’s a … Continue reading Does Pope Leo XIV Have to File an FBAR? U.S. Citizenship and God’s Bank
The Additional Child Tax Credit can provide taxpayers up to $1,700 per qualifying child in 2025 as a refundable credit. The ACTC not only reduces the amount of tax owed but can also result in a refund from the IRS if the credit exceeds the tax liability. Non-refundable credits can only reduce a taxpayer’s tax … Continue reading Additional Child Tax Credit, Americans Abroad: IRS Is Watching Closely
Serving as the executor of an estate is not just an administrative duty. It involves significant legal responsibilities, particularly when it comes to ensuring that all tax obligations of the deceased are properly addressed. Executors must locate the estate’s assets, assess debts and liabilities, and make distributions to beneficiaries. Critically, they must do all this … Continue reading Executor Beware: Personal Liability for Unpaid Estate Tax and More
A recent decision reminds taxpayers and the tax compliance community of the importance of filing the Report of Foreign Bank and Financial Accounts. The U.S. District Court for the Southern District of New York in United States v. Hendler, 23 Civ. 3280 (Sept. 17, 2024) has clarified the enduring nature of penalties tied to FBAR. … Continue reading The Hendler Case: FBAR Penalties Survive Beyond Death
When it comes to estate planning, how you hold property with others can have significant tax implications after you have passed on. Internal Revenue Code Section 2040 governs how joint ownership of property with right of survivorship is treated for federal estate tax purposes. The rules can catch even the most astute investors off guard. … Continue reading Understanding Joint Ownership And Estate Tax: Deep Dive Into The Rules
As more Americans take on international roles, stock options have become a key part of the expatriate executive’s compensation package, especially when working for foreign employers. These options offer exciting opportunities to benefit from a company’s growth, but they also come with complex U.S. tax implications that can catch the unwary off guard. Imagine you’re … Continue reading Foreign Stock Options: 6 Things American Expats Should Know
Automatic Extended Due Date for FBARs is October 15. Many wealth advisors, tax pro’s and compliance professionals are taking advantage of this extended due date (no need to apply, it’s automatic) to save time for tax returns due soon. Perfect opportunity to attend my webinar May 1 2025. Learn from the best. My slides are … Continue reading MAY 13 WEBINAR 2 IRS CPE Navigating Foreign Accounts & FBAR: Avoiding Traps That Lead to Costly Penalties
A very informative podcast - I would say it's a crash course on the US #expatriation regime including the recently issued final IRS regs on the Sec. 2801 transfer tax, lots of tax tips including gifting issues to get below USD 2 million threshold, what NOT TO DO if CBP wants you to sign I-407 … Continue reading PODCAST! Crash Course Info! Renouncing US Citizenship / Relinquishing Green Card – Beware The Exit Tax and More
Virginia - US TAX TALK 