The US Tax filing deadline of 15th June for US Expats remains unchanged.
On 18th March, the IRS announced an extension of the deadline for payment of US Taxes to 15th July 2020. However, the extension only applies to the payment of US Tax, the deadline for filing tax returns remains 15th April in the USA, and 15th June for US Citizens...
US Tax: Stock Compensation Plans
If you are one of the rising number of employees receiving some form of stock compensation through your job, you know how confusing it can be to understand how each type works and the varying tax considerations you need to be aware of. Here’s a quick description of...
US Tax: The Augusta Rule – How to Receive Tax-Free Income
What is the Augusta Rule? The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax return. Originally created to protect residents...
Protect Yourself from US Tax Scams
There are many tax scams out there with the purpose of stealing your identity, stealing your money, or filing fraudulent tax returns using your private information. Tax scammers work year-round, not just during tax season and target virtually everyone. Stay alert to...
US Expat Tax deadlines 2020
The 3 most important tax dates for US expats in 2020 are the same as in 2019. This means that expats that owe any US tax for 2019 must pay by April 15th 2020. All expats receive an automatic extension until June 15th to file their federal return. Expats who need more...
EU joins fight against US tax law affecting ‘accidental Americans’.
The EU has joined the fight against a US tax law that has put tens of thousands of British citizens at risk of having their bank accounts frozen. In a letter to the US Treasury secretary, Steve Mnuchin, the Council of the EU – the bloc’s main decision-making body –...
IRS announces tax inflation adjustments for tax year 2019
The Internal Revenue Service (IRS) has announced the annual inflation adjustments for more than 60 tax provisions for 2019, including tax rate schedules, tax tables and cost-of-living adjustments. These are the numbers for the tax year 2019 beginning January 1, 2019...
Rachel Finch becomes IRS Enrolled Agent
Congratulations to Rachel Finch, who we are proud to announce has become an IRS Enrolled Agent. An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS...
The End of the Offshore Voluntary Disclosure Program is Nigh…
The Internal Revenue Service have announced that the 2014 Offshore Voluntary Disclosure Program (OVDP) will close on Sept. 28. The OVDP has allowed US Taxpayers to voluntarily resolve their past noncompliance in respect of unreported foreign assets and tax returns. It...
IRS Encourages Taxpayers to Renew ITINs
If you have an expired Individual Taxpayer Identification Numbers (ITINs), and you have a US filing obligation for 2018, you should take steps to renew them as soon as possible. The IRS are warning that Tax returns with expired ITINs will face processing delays and...