by David Merrifield | 2021, General, US Tax Returns
Minimum income thresholds for US tax filing for expats For 2020 tax year (tax filing in 2021), the minimum income thresholds for US Expats are $12,400 for individuals, $24,800 for married couples (filing jointly), or just $400 of self-employment income for anyone, or...
by David Merrifield | Federal Tax, General, News, US Tax Returns
US Congressional leaders announced yesterday evening (Sunday 20th December 2020) that they have secured a deal for a $900 billion ‘rescue package’ to deliver much-needed relief for small businesses, unemployed Americans and health care workers while...
by David Merrifield | US Tax Returns
ABLE (Achieving a Better Life Experience) accounts are for eligible individuals with a disability – they are tax-favoured savings accounts to which contributions can be made to help pay for qualified disability expenses. The IRS recently released final regulations...
by David Merrifield | News, US Tax Returns
We are delighted that Rachel Finch has now officially become a Certifying Acceptance Agent. This means that Rachel can now certify and complete a Certificate of Accuracy (COA) to authenticate foreign identity documents for you, so you don’t need to send your...
by David Merrifield | News, US Tax Returns
At this point, most people have heard about relief measures the government has enacted in the wake of Covid-19, but there remains one opportunity to harvest that has had little discussion surrounding it—Section 139 Qualified Disaster Payments. Background ...
by David Merrifield | Federal Tax, US Tax Returns
The penalty free program for overseas Americans delinquent on their tax returns. The Streamlined Procedure is an IRS amnesty program that allows expats who are non-willfully behind with their US tax filing to catch up without facing any penalties. If you have not...
