US Residents

U.S. tax residents are taxed similarly to U.S. citizens – tax is paid on worldwide income regardless of where it is earned. While the vast foreign disclosure regime exists, there are many distinctive tax differences. Lodder CPA guides you through these differences by assisting with:

  • Tax preparation of dual status tax returns (Form 1040/1040NR) for taxpayers who are residents and non-residents in the same tax year
  • Closer Connection Exception Statement (Form 8840)
  • Advising alongside an immigration attorney on U.S. tax implications pertaining to a visa or legal residency status
  • Analysis and planning of deemed tax residency based on significant time spent in the U.S.
  • Planning surrounding filing elections or claiming treaty residency positions
  • Consideration of the U.S. income tax and foreign asset disclosure implications surrounding a move to or from the U.S.
  • Sec 965 repatriation tax computations and planning
  • Global Intangible Low-Taxed Income (GILTI) computations, tax reporting and planning