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...
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....
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...
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...
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...
