Parents Of Children with American Citizenship

US tax reporting and payment obligations apply to adult and minor US citizens. The USA has set a threshold for income and balances (maximum amounts in financial accounts located outside the USA) that applies to all American citizens regardless of age and location of residence. In addition to this, there is the PFIC law that applies harsh tax rates to US citizens who hold provident funds (including savings for each child), mutual funds, and a variety of other savings and investment instruments located outside the US.

Beyond the reporting and tax obligations to the US, it is sometimes possible to apply for certain credits and financial refunds that Americans are entitled to – adults and minors.

We invite parents of children with American citizenship – to contact us for information and to understand better the meaning of that citizenship relating to tax obligations and rights.

At Digitax, we have rich experience preparing tax returns and providing tax consultation for American citizens regardless of age and financial situation.

Contact us, and we’ll be happy to provide you with a professional, reliable, and complete service.