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Photo by frank mckenna on Unsplash Brazilian individuals relocating to the United States often hear two statements that appear contradictory: “In the U.S., you must report your worldwide income.” “The first year is different.” Both statements can be true at the same time — and it is precisely this overlap that leads to many filing errors in a taxpayer’s first U.S. tax return. The general rule: worldwide income The U.S. tax system is explicit: U.S. citizens , and Foreign indiv

As 2024 comes to an end, this is the ideal time for Brazilians who invest, run businesses, or spend part of the year in the United States to review their financial and tax situation. Small actions taken before December 31 can reduce taxes, prevent compliance issues, and ensure a more organized and efficient start to 2025. Ace Advisors supports Brazilians in all areas of U.S. international taxation and cross-border accounting. The firm’s partners bring more than 25 years of co

The Internal Revenue Service (IRS) has announced that the Direct File program—originally designed to allow taxpayers to submit their federal income tax returns directly to the agency at no cost—will be discontinued starting with the 2026 tax season. The decision came as a surprise to many. Launched in 2024 as a pilot initiative, Direct File allowed taxpayers in select states to file their returns without relying on private software or professional services. However, the IRS h

By Bianca Kegel, Managing Partner at Ace Advisors The partial shutdown of the United States government has officially impacted the...

If you are a U.S. tax resident, you must report all of your worldwide income and capital gains. This means that when selling real estate...

What Happened? In early August 2025, the United States government imposed a 50% tariff on most products imported from Brazil. The...

The U.S. tax code offers a significant benefit for individuals who sell their principal residence: the exclusion of capital gains up to...

Investing in real estate is one of the most reliable ways to build wealth. However, many investors fail to take advantage of legitimate...

Every year, a growing number of foreign investors enter the real estate market in the United States. The country’s economic stability,...

Tax season is a busy time for taxpayers and tax professionals alike. However, it is also a prime period for scams and fraud related to...

In 2018, the United States Congress passed the Tax Cuts and Jobs Act (TCJA), a comprehensive tax reform that introduced significant tax...