CDH, a leading accounting and advisory firm, has once again solidified its position as an industry leader by being recognized among Inside Public Accounting's (IPA) prestigious list of the Top 300 Firms.  CDH's impact extends beyond its client relationships, as the...

Supports Cross Border Professionals and Families With today’s remote work environment, I am sure many employers receive inquiries about whether their employees can work remotely overseas. I want to explain how to minimize tax risks in such a situation. The first risk...

Supports Cross Border Professionals and Families   First and foremost, you must know the striking characteristics of US gift taxes. The person who makes a gift (donor) is liable for gift taxes. Many countries, such as Japan, levy taxes on the person who receives...

The term "accidental American" is often used to refer to individuals who have U.S. citizenship because they were born in the United States, but who have spent little or no time in the United States and may not consider themselves American. The United States follows...

Supports Cross Border Professionals and Families Under the IRC Section 101(a)(1), beneficiaries generally do not pay taxes to the life insurance proceeds in the U.S. When you move to a foreign country; this may not be true. I specifically talk about this in Japan....

Supports Cross Border Professionals and Families It is a dream come true moment when you obtain your green card. I did it over 30 years ago. I felt that I finally got my ticket to freedom. As the years pass, my appreciation for Arthur Andersen, the sponsor, and my...

Supports Cross Border Professionals and Families Many taxpayers need to pay attention to the FBAR. The U.S. is a melting pot, with many mixed-nationality married couples. In this article, I explain in plain language what the FBAR rules are. If you have foreign...

Supports Cross Border Professionals and Families I discuss the general action plans when you face a potentially covered expatriate designation. There are two main tests when the IRS determines if you are a covered expatriate. They are (1) a Two-million dollar Net...

Supports Cross Border Professionals and Families   There are three tax benefits for foreigners moving to Japan. Since the author of this article is not a licensed Japanese tax accountant, this article does not contain any tax advice. The author is a U.S. CPA...

Supports Cross Border Professionals and Families If a U.S. citizen or Green Card holder works in Japan, he must obtain Certificates of Coverage. Otherwise, both countries tax you for public welfare benefits. Namely, the US levies social security and Medicare taxes....

Supports Cross Border Professionals and Families After the death of a participant, a retirement plan or IRA will be distributed to the participant’s beneficiary or beneficiaries. The beneficiary(es) take distributions as a beneficiary of an “inherited plan/IRA.” The...

Supports Cross Border Professionals and Families Many foreigners leave Japan after living there for some years. They discovered that Japan's gifting and inheritance tax regime is substantially more punitive than those in their home countries. In particular, this is...

Supports Cross Border Professionals and Families   In the 2021 tax reform, the Japanese government gave breaks to foreigners in gift and inheritance tax. They wanted to promote the employment of highly-skilled foreign talent in Japan. In this article, I highlight...

Supports Cross Border Professionals and Families   You should read this article if you have a green card and wonder what to do with your US 401(k) in your home country. If you do not need to renew your green card, you should abandon your green card by filing an...

Supports Cross Border LifeStyle If you hold your green card for a certain period, you will remain a U.S. resident for tax purposes until you officially abandon your green card. I want to highlight significant mistakes you can avoid. Obtaining a green card and...

  Accounting for Leases: Accounting Standards Codification 842: Overview of Operating Leases   Main changes from prior standard: Under Accounting Standards Codification (ASC) 842, operating leases will still be called “operating leases,” so you may ask why...