Very helpful explanation! Thank you!

Very helpful! thanks a lot!

Great video, thank you!

Hi Andrew, this is helpful. Can I reach out to you for a call with some Us tax questions? As this is quite urgent, your prompt reply is much appreciated. Thank you very much! 🙏

Thanks for sharing Andrew and this is helpful. May I have a tutorial with you regarding some US tax questions?

What do i do if they refuse from

I have already e-filed my 2023 tax return. If I now decide to file 8938, can I send it by postal mail along with copy of e-filed Federal tax return (1040) and W2 ?

If country X imposes 12% income tax on CFC, does it mean Bob has to include the entire profit to his gross income here in US?

Super helpful

i have an efile critical error state "Schedule C, Dividends from foreign corporations, requires both Description and IRC Section in the attached statement to be completed". i record foreign dividend income (from 1099) on Schedule C line 14 and did not take any special deduction on this foreign dividend income. i cannot find the code section to enter. any help would be greatly appreciated.

Hi Andrew can Partner A use 1031 exchange proceeds to buy out Partner B 50% interest?

Can you please give detail overview on 5471 Including all schedule?

how do you calculate the number of days in your qualifying period that fall within your 2022 tax year?

thank you for boiling this down to a short, simple explanation!

Thank you for your explanation. I would like to know if the LLC has a single owner, would I have to fill out part 2? he owns 100%

This is gold!

If I take out all annual profits as dividend income to myself from the CFC which is a Canadian corp, will GILTI tax be zero? This way I will pay income tax to Canada only. I live in Canada all year round.

Income Earned from US Employment with US Employer but Worked Remotely from Abroad 365 days a tax year so still qualify for FEIE ?..

Interesting example. 2 question remains. a) Generally, report are edited on Dec, 31. So Your value on Jan 1. 2005 = Dec 31, 2004 ? b) Foreign value are generally bought in foreign currency (for example EUR). So, which tax rates do you use to convert the foreign currency to USD ? End-of-year Exchange rates on 31/12/2004 & 31/12/2005 ? Or Yearly Average rates on 2005 for both values ? Or something else ?

Very helpful - thank you!

#andrewmitchel *I have a question. I had an employer that I left, I presented a w8ben which was rejected saying the treaty was to old ( BS) and it was not in plain enlglish. So a few months later - around Christmas 2022, I got around to doing another one and installed the actual DEPARTMENT OF STATE REFERENCE FOR TREATIES ENFORCED and I added plain english to the document and affixed an affidavit of fact in tow it as the employer was trying to play me as a 14th amendment US citizen. The employer rejected it saying that they had already turned in the numbers for the year and shut me out of the system - do to my putting in my 3 week notice etc and no longer being employed; they said I would have to go to the IRS to get my bread ie: ( all the taxes that were removed from my pay - which was never supposed to been removed etc)* My question is, "what method is there to take with the IRS to acquire reimbursement of ALL taxes removed from my pay, and not just federal/state?"

Thank you

Thanks 💙💯

This video did not go into enough detail about who should be signing the form

Excellent video! Has this changed? My tax guy says here were some changes in 2018 that had some various effects and were finalized sometime thereafter?

Part 1, #2... because an account wasn't working properly, the bank opened a 2nd account and transferred all funds, a large 6 digit sum to the new account so I could access it via cell phone. Listed all 6 different accounts on FBAR. By looking at Part 1, #2 do I have to add the max on each account throughout the yr? Because of the banking issue on the one account, the numbers are really gonna exceed the funds I ever had?

May I know why dividend distribution $40 from CFC 2 to CFC1 is split evenly between 959 (c) (2) and (c) (3)? Thanks

I must say, you did a fantastic job on step-by-step, line-by-line information, for F2555. Kind Regards.

if the smllc has tax due, how will be paid since you will file proforma 1120 only

We need more videos for 5471 and 1118

How would the CFC account for §962 elections?

Is there any changes between the new regulation changes and above video?

Can help me to create Form 5471 and Form 1118 Entity Organaization structure for filing?

What is a "beneficial owner" exactly?

hello, good afternoon, if the corporation is owned by a single foreigner and has 100% shares and has made losses that are placed on line 1F and 1H, enter "0"

Hi Andrew, what would be the case when 2 or more relative parties would have to do the 5472, are you talking about LLC with 2 foreigner owners?

Why didn't you start with the dates section first?

Cmon man, you can do better than this video… I have way more questions after watching this! How about you start by defining what a U.S. citizen really is, since you should know being an attorney at law… Exactly how I typed it out too, with the lower case c in citizen. The legal system is a carnivorous, deceitful, evil, beast that prey on the ignorant. How many peoples lives do you cockroaches have to destroy with your foolish Roman trickery? We’re starting to figure out how to win by using the legal definitions as they’re meant to be used. Every single lying cockroach lawyer and/or attorney works for the court. Pieces of splattered bird shit.

Can you share more details on Part III - Where reported section? (d) Form and line (e) Schedule and line to be specific

What if I own a Foreign LLC that has a online stock brokerage account outside of the USA?

Thank you for this. Amazingly explained. Bottom line is they need to fix this writing of the statute

Hi Andrew at 1:43, if I provide consulting services outside the US in a country with tax treaty with the US, do I need to fill out section 10 at all? Or do I need to say something along the lines of: "I have permanent residence in 'country' and all work is performed in 'country'? Thank you

Your videos are really helpful! Hope you will post more on International tax :)

this is awesome thank you so much for this video. Can you also do in-depth videos on Form 8992 and Form 8993?

On Line 6a, is that the prior year or two years back? In other words, if this 2017 form is being filed IN 2018, then 2016 would be two years ago when it was filed. I guess my question is, does Line 6a refer to the last TAX year in question or the last year IN WHICH you filed for that year? For example, this 2017 form would be filled out in a video in 2018. One year offset.

Your video saved my life as an accidental american. Bless you

thhanks ! very hepful I wish you could repeate it withe 2555 2021

Thanks for explanation.

You are a genius. 🙌🏼🙌🏼🙌🏼