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...

Our Guide to US Expat Taxes. Updated May 2020

Our Guide to US Expat Taxes. Updated May 2020

For Americans living abroad, the rules for US taxes can be overwhelming and confusing and if you fail to file correctly, it can result in significant penalties or even legal repercussions. Nonetheless, when strategically prepared and filed correctly, there are huge...

US Tax: Are you familiar with the new W-4 form?

US Tax: Are you familiar with the new W-4 form?

At the beginning of the 2020 year, the IRS debuted a revised version of the W-4 form, with the intent of determining an employee’s federal tax withholding with greater accuracy.  Tips for Completing the New Form All new employees, as well as existing employees...