This article is written with Cross-Border persons in mind, especially Japanese nationals who are U.S. green card holders, but there are some points of reference for U.S. green card holders who receive their heritage from their home country. U.S. permanent...

As the tax season rolls around in April, many newlyweds find themselves navigating the complexities of filing their first tax return together. This is particularly true for international couples, such as Hana, a green card holder from her marriage to an American...

  This week, a bill to expand the Child Tax Credit is expected to be passed, which may be of interest to families with children. Fiscal year 2023 tax returns began being accepted on January 29th. The Child Tax Credit is one of the arguments for H.R. 7024 (Tax...

CECL stands for Current Expected Credit Loss, and it refers to a new accounting standard introduced by the Financial Accounting Standards Board (FASB) for estimating credit losses on financial instruments. While banks and financial entities will be most impacted by...

The U.S. Foreign Bank and Financial Accounts Report (FBAR) program requires U.S. citizens and residents (for U.S. tax purposes) to report accounts held at foreign financial institutions if certain criteria are met. It should be noted that the FBAR regulations also...

By Koh Fujimoto Support Cross-Border Life Cross Border Inheritance gives headaches even to professionals. My mission is to explain the essence of the matter in plain English. I consider the U.S. federal tax only here in this article. Case A U.S. citizen mother has two...

Supports Cross Border Professionals and Families This article will explain the three critical steps in abandoning a green card for U.S. tax purposes. Preparation Step Preparation is the most critical step in abandoning a Green Card. You need to ensure that your U.S....

It is with mixed feelings that we are announcing that Hikaru “Koh” Fujimoto is retiring from CDH, P.C. on December 31 and ready to fully embrace his next adventure. Koh has been part of CDH for more than 26 years, and during that time, he initiated and grew our...

Lorean Sneed will be retiring effective December 1, 2023. Lorean has been a crucial member of our team for the past 11 years. On behalf of CDH, P.C. We thank her for all her contributions and wish her nothing but the best in her new journey. Lorean joined CDH in...

CDH, P.C. is pleased to announce and welcome back Bernie Lietz as its new Chief Operating Officer, effective October 23, 2023. Bernie was with CDH from 2005-2014 and served as both our firm administrator and COO. "We are so excited to welcome Bernie back to CDH! He...

Supports Cross Border Professionals and Families Today, you can work anywhere, and you can retire at any place in the world. Thanks to globalization and the advancement of technology, more and more people cross the boundaries of countries to have new lifestyles. For...

Overview The Internal Revenue Service (IRS) governs transfer pricing regulations in the United States. The IRS has issued guidelines and regulations to ensure that multinational companies adhere to the arm's length principle and comply with the regulations outlined in...

CDH, P.C is pleased to announce Kazuhiro "Tomi" Yoshitomi as its newest Principal, Effective September 5, 2023. Tomi joins the firm's growing Assurance practice bringing more than twenty years of audit experience, with focuses on US subsidiaries of Japanese parent...

Supports Cross Border Professionals and Families This article summarizes three ways to get taxed under the US exit tax system. Please note that not all the covered expatriates become subject to taxation. Mark to Market You are deemed to have sold any interest in your...

Supports Cross Border Professionals and Families This article aims to give you a broad view of the US exit tax. Many UC citizens and Green Card Holders consider giving up their status and moving to other countries. The US government established a system where such...

Supports Cross Border Professionals and Families I will explain the tax consequences when a green card holder decides to return to his home country permanently. You can consider these pros and cons when making your decision. I encourage you to consult with your tax...

Supports Cross Border Professionals and Families Consolidate Retirement Accounts I am not recommending you to rollover your 401(k) to one IRA account. I understand many individuals have multiple 401(k)s or IRA accounts and regular investment accounts at various...

If you haven’t already moved to the cloud, you may be thinking about it. Businesses worldwide are accelerating their adoption of cloud software, with Gartner Research reporting that 85% of organizations will have a cloud-first strategy by 2025. Evidence of cloud...