The Top Five Pitfalls For Americans
We have identified five top tax pitfalls that can catch out Americans living in the UK:-
You can find out more about these five issues by watching the video below.
- failing to file a US tax return or FBAR.
- special US tax rules that apply to almost all non-US investment funds - so call Passive Foreign Investment Companies.
- unexpected tax issues that may arise when you sell your home.
- taxable income that may arise when you repay a non-US dollar loan - most commonly a mortgage.
- unexpected tax issues and filing requirements arising when you own a significant stake in a non-US corporation.
You can find out more about these five issues by watching the video below.