Rachel Finch becomes Certifying Acceptance Agent

Rachel Finch becomes Certifying Acceptance Agent

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 identity...

Section 139: Qualified Disaster Payments

Section 139: Qualified Disaster Payments

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 ...

Streamlined Procedure – The IRS Amnesty Program.

Streamlined Procedure – The IRS Amnesty Program.

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...

Inherited IRAs and the SECURE Act of 2019

Inherited IRAs and the SECURE Act of 2019

At the end of 2019, the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) was signed into law, modifying required minimum distribution (RMD) rules for inherited IRAs and retirement accounts.  Under the SECURE Act, inherited IRAs and...

US TAX: Paycheck Protection Loan Forgiveness

US TAX: Paycheck Protection Loan Forgiveness

When the CARES Act was signed into law, it created the Paycheck Protection Program (PPP), which is a new loan designed to help small businesses pay employee wages and other critical expenses.  Proceeds from this loan can be forgiven if certain criteria are met....

Advance Payments of Employer Credits Due to COVID-19

Advance Payments of Employer Credits Due to COVID-19

In conjunction with the CARES Act, the IRS has released form 7200, Advance Payment of Employer Credits Due to COVID-19, which allows eligible businesses to claim an advance of refundable tax credits used to help cover the cost of keeping employees on payroll, even if...