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Didn’t Know Your Japanese Mutual Fund Was a PFIC? A New IRS Ruling Shows Retroactive QEF Relief May Be Possible

For Japanese residents in the United States, one of the most intimidating U.S. tax topics is the PFIC.PFIC stands for Pa...
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Section 174A Brings Back Immediate Deductions for U.S. R&D — But Is R&D Performed in Japan Still Amortized Over 15 Years?

The IRS has issued Rev. Proc. 2026-32.This is a highly technical Revenue Procedure, so it is unlikely to attract much at...
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IRS Business Tax Account Guide for Japanese Companies | 2026

If your company operates a U.S. subsidiary, there is one IRS tool that deserves much more attention in 2026:The IRS Busi...
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Can You Earn 7% Interest from the IRS? How Tax Refund Interest Really Works in 2026

Can You Earn 7% Interest from the IRS? How Tax Refund Interest Really Works in 2026Have you ever heard someone say:“If y...
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Should You Close Your U.S. Bank Account Before Returning to Japan? A 2026 Tax Refund Guide for Expats

When you find out that you are returning to Japan, your to-do list suddenly becomes much longer.Moving out of your apart...
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Is a 4% Savings Account Really Better Than a T-Bill? After-Tax Returns for NJ and NY Residents in 2026

If you live in the United States, a high-yield savings account can look extremely attractive when interest rates are rel...
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2026 Form 1099 Changes Explained: The New $2,000 Threshold, W-9s, Backup Withholding, 1099-K, and More

Businesses and self-employed individuals in the United States need to be aware of an important information-reporting cha...
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Saver’s Match 2027 Explained: What Japanese Expats and U.S. Families Need to Know

If you are saving for retirement through a 401(k), IRA, or another retirement plan in the United States, an important ne...
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Trump Account and Gift Tax: Is Form 709 Really Unnecessary? What Japanese Families Need to Know in 2026

“Will I owe gift tax if I contribute money to my child’s Trump Account?”For parents and grandparents who want to help bu...
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Trump Account vs. 529 Plan: Which One Should Families Choose?

“Should I choose a Trump Account or a 529 plan?”That is a question many parents are beginning to ask.Trump Accounts—crea...