According to the Washington Post Americans living overseas are not able to renounce their U.S. citizenship while banks threaten to close...
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The IRS issues instructions on how to return an incorrectly received stimulus payment
The IRS issues instructions on how to return an incorrectly received stimulus payment. By way of background, the IRS is issuing...
US Expats Stimulus Check: When will I get mine?
Many US Expats have been wondering when will they get their Stimulus Check. Good news is that the IRS has already started sending out...
As a direct PFIC shareholder, do I need to file Form 8621?
US expats can have a direct or indirect shareholder of a passive foreign investment company (PFIC). If you’re a U. S citizen living and...
Update on Extension of Tax Filing Deadlines for US expats
On April 9, 2020, the IRS released Notice 2020-23, expanding on the relief previously provided in Notices 2020-17 and 2020-18. Notice...
Full Breakdown: IRS Filing, Payment, and Action Deadlines
Article Highlights: Filing Due Date Postponement Payment Due Date Postponement Extensions Late Filing and Late Payment Penalties Required...
IRS Extends Over 300 Tax Filing, Payment and Admin Deadlines
According to Treasury Secretary Steven Mnuchin, “Treasury and the IRS are extending tax deadlines for fiscal year businesses, tax-exempt...
COVID-19 Resource Guide: Taxpayers & Small Businesses
Notably, we want to help our tax clients in these difficult times. With this intention, we formed a COVID-19 taxpayers guide in the hope...
Rebate – What Does the $2 Trillion Stimulus Package Mean for You?
The “Coronavirus Aid, Relief, and Economic Security Act” (Cares Act) includes many taxes. And, it includes financial breaks for...
Working Abroad Can Yield Tax-Free Income
U.S. citizens and resident aliens tax based on their worldwide income. Whether the person lives inside, or outside of the U.S....
Running Low on Money? Congress Has Made it Easier for You to Tap Your Retirement Savings
If you are struggling financially due to the COVID-19 epidemic, you will be happy to know Congress, as part of the CARES Act enacted on...
Federal Stimulus Checks
On March 25th, 2020 congress passed a federal stimulus package named Coronavirus Aid, Relief, and Economic Security Act (CARES Act), worth...
IRS has Deferred the Tax Payment Deadline by 90 Days!
For most US taxpayers, that means that the tax payment deadline, the deadline to pay, is now July 15, 2020 (previously April 15,...
