Articles
Recent ITIN Program Changes Cause Substantial Challenges For Both the IRS and Taxpayers
Individual Taxpayer Identification Numbers (ITIN) Are Required For Tax Filing Taxpayers with a requirement to file tax returns, but who are not qualified to obtain a Social Security Number (SSN), must obtain an Individual Taxpayer Identification N...
Are You Going to be Affected by the Passing of the FAST Act?
The new FAST Act may cause problems for US Citizens living both stateside and overseas. The FAST (Fixing America’s Surface Transportation) Act was passed by Congress on December 3, and President Obama signed the act into law on December 4. There are t...
Tax Changes US Expats Can Look Forward to in 2016
There have been some changes made to the IRS tax code for 2016. The new year is here and a new tax season is about to begin. The new tax year means new updates to the tax code – which is constantly evolving, as Congress makes changes to laws every year. Here are some of changes you can loo...
The 2016 US Tax Filing Season is Starting Right on Schedule
The IRS has made an announcement that the season to file taxes will start on time on January 19, 2016. It’s now official: The official tax season will begin on January 19. Why not Monday, January 18? Because that’s Dr. Martin Luther King, Jr. Day. Beginning January 19, th...
US Gift Tax: How Changes to Expatriate Gift Taxation Might Impact You
Are you trying to understand the US gift tax and how it affects you if you relinquish the U.S. citizenship? The gift tax in the United States is one of the most commonly misunderstood taxes in US tax law. The rules surrounding the gift tax are complex and quite often difficult to understand. His...
More Foreign Banks Working with US Government to Disclose American Accounts
Here we go again with your favorite tax topic: FATCA and the Streamlined Procedure Okay, maybe not your favorite topic, but an important one, nonetheless. There are some important updates about the OVDP that could affect you ...