LCW Tax Advisory is an international US tax firm serving clients in Canada, Hong Kong and across Asia. US expat tax returns, FBAR & FATCA reporting, streamlined filing, foreign corporations and foreign trusts — for individuals, businesses and trusts living international lives.https://lcwtax.com/enhttps://lcwtax.com/insights/canadians-us-real-estate-firpta/https://lcwtax.com/insights/canadians-us-real-estate-firpta/From Florida condos to Arizona rentals, Canadian owners of US property face a defined set of US filings — the 1040-NR, the net-rental election, ITINs, and FIRPTA withholding at sale. A walkthrough of the lifecycle.Mon, 01 Jun 2026 00:00:00 GMThttps://lcwtax.com/insights/americans-in-hong-kong-us-tax-guide/https://lcwtax.com/insights/americans-in-hong-kong-us-tax-guide/Hong Kong's low, territorial tax system is a blessing locally and a complication federally. What US citizens in Hong Kong need to know about the 1040, the missing treaty, MPF accounts, and local companies.Mon, 25 May 2026 00:00:00 GMThttps://lcwtax.com/insights/tfsa-resp-fhsa-us-tax/https://lcwtax.com/insights/tfsa-resp-fhsa-us-tax/Canada's favourite tax-sheltered accounts lose their shelter at the border. How the IRS treats TFSAs, RESPs, FHSAs and RRSPs in the hands of US persons — and what to do about it.Mon, 11 May 2026 00:00:00 GMThttps://lcwtax.com/insights/foreign-trusts-form-3520-3520a-guide/https://lcwtax.com/insights/foreign-trusts-form-3520-3520a-guide/Foreign trusts — and arrangements the US treats as foreign trusts — carry some of the steepest automatic penalties in the tax code, and they reach inheritances, gifts and pension plans ordinary families never thought of as trusts.Mon, 04 May 2026 00:00:00 GMThttps://lcwtax.com/insights/foreign-owned-us-llc-form-5472/https://lcwtax.com/insights/foreign-owned-us-llc-form-5472/Non-US founders and investors love the Delaware LLC — easy to form, cheap to run, and often tax-free. What the formation websites omit: an annual Form 5472 filing with a US$25,000 penalty for silence.Mon, 27 Apr 2026 00:00:00 GMThttps://lcwtax.com/insights/us-citizens-living-in-canada-us-tax-guide/https://lcwtax.com/insights/us-citizens-living-in-canada-us-tax-guide/A plain-language overview of the US filing obligations that follow American citizens and green card holders to Canada — the annual return, the FBAR, and the traps hiding inside ordinary Canadian accounts.Mon, 20 Apr 2026 00:00:00 GMThttps://lcwtax.com/insights/moving-to-us-pre-immigration-tax-planning/https://lcwtax.com/insights/moving-to-us-pre-immigration-tax-planning/For families moving from Hong Kong, Taiwan, Japan or Singapore to the United States, the months before US residency begins are a one-time planning window. What closes on day one — and what to do while it is still open.Mon, 06 Apr 2026 00:00:00 GMThttps://lcwtax.com/insights/canadians-moving-to-us-tax-checklist/https://lcwtax.com/insights/canadians-moving-to-us-tax-checklist/The most valuable US tax planning for Canadians happens before the moving truck arrives. Residency start dates, departure tax, RRSPs and TFSAs, and the elections that expire the day you become a US resident.Mon, 30 Mar 2026 00:00:00 GMThttps://lcwtax.com/insights/form-5471-us-owners-foreign-corporations/https://lcwtax.com/insights/form-5471-us-owners-foreign-corporations/US persons who own foreign corporations — a Hong Kong limited, a Canadian CCPC, a Singapore Pte Ltd — face Form 5471 reporting and the CFC anti-deferral rules. What triggers the filing, what it costs to miss, and the elections that help.Mon, 16 Mar 2026 00:00:00 GMThttps://lcwtax.com/insights/streamlined-filing-compliance-procedures/https://lcwtax.com/insights/streamlined-filing-compliance-procedures/Years behind on US tax filings while living abroad? The IRS streamlined procedures let non-willful taxpayers catch up with three years of returns and six years of FBARs — often with no penalty at all. Here is how they work.Mon, 09 Mar 2026 00:00:00 GMThttps://lcwtax.com/insights/fbar-vs-form-8938/https://lcwtax.com/insights/fbar-vs-form-8938/The FBAR and Form 8938 both report foreign financial accounts, are filed under different laws, on different forms, with different thresholds — and filing one does not satisfy the other. A side-by-side guide.Mon, 16 Feb 2026 00:00:00 GMThttps://lcwtax.com/insights/pfic-rules-americans-abroad/https://lcwtax.com/insights/pfic-rules-americans-abroad/The passive foreign investment company rules turn everyday non-US mutual funds and ETFs into the most punitively taxed assets an American can own. How to recognise a PFIC, what it costs, and the elections that defuse it.Mon, 02 Feb 2026 00:00:00 GMThttps://lcwtax.com/insights/feie-vs-foreign-tax-credit/https://lcwtax.com/insights/feie-vs-foreign-tax-credit/Americans abroad have two main tools against double taxation — the FEIE and the foreign tax credit. The right choice depends on where you live, what you earn, and what you plan next. A practical comparison.Mon, 26 Jan 2026 00:00:00 GMT