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...
US Tax: Do you know about the SECURE Act that was signed into law at the end of 2019?
At the end of 2019, the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) was signed into law, modifying RMD (required minimum distribution) rules for inherited IRAs and retirement accounts. Under the SECURE Act, inherited IRAs and...
Coronavirus and US Taxes: What US Expats need to know.
The US government has made several announcements recently regarding measures to help Americans suffering financially in this uncertain time of depressed economic activity. These announcements affect Americans living overseas as well as those living in the states....
US TAX LATEST UPDATE. Tax Filing Deadline also now EXTENDED
Following the previous announcement on 18th March that the IRS is extending the deadline for payment of US Taxes to 15th July, 2020, the extension has now been applied to the tax return filing date too. They announced that they are moving Tax Day from April 15th to...
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 –...