Deadline for Transition Tax
To further ease the pain of the transition tax on foreign company owners, the IRS has amended its FAQs page to include more relaxed deadline rules for both filing and paying the tax in installments.
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2018 EMMA Award for Tax Provider of the Year!
We are immensely proud to announce that Expat Tax Professionals has won this year’s FEM EMMA Award for Tax Provider of the Year!
Read MoreFATCA Is Here to Stay
One of the key pieces of legislation used by the U.S. government in its effort to combat tax evasion abroad is the Foreign Account Tax Compliance Act (FATCA). To the surprise of many, FATCA remained…
Read More2017 IRS Data Book Stats
The IRS has published the 2017 version of its annual IRS Data Book, which contains statistical information about the IRS and taxpayer activities during the previous year. The IRS Data Book helps…
Read MoreEnd to Offshore Voluntary Disclosure Program
Yesterday, the IRS announced that over the next several months, it will be steadily dismantling its Offshore Voluntary Disclosure Program (OVDP), before officially terminating the program by…
Read MoreU.S. Tax Considerations for Digital Nomads
In today’s age of “digital nomads,” the idea of working remotely overseas continues to grow in popularity. New programs, such as Remote Year, have further facilitated overseas commuting by organizing…
Read MoreDeducting Mortgage Interest
This past week, the IRS offered guidance on its website on the new restrictions placed by the Tax Cuts and Jobs Act (“TCJA”) on the home mortgage interest deduction.
Read MoreNonresident Aliens Trying to Obtain Refunds of Withheld Tax
In a scathing blog published this past week, National Taxpayer Advocate Nina Olson criticized the significant roadblocks that meet nonresident aliens (“NRAs”) trying to rightfully obtain refunds of…
Read MorePassport Revocation Rule for Unpaid Taxes
We’ve written previously about the newly-enacted Code Section 7345 of the Internal Revenue Code, which authorizes the denial, revocation, or limiting of a delinquent taxpayer’s U.S. passport. We’ve…
Read MoreThe New SALT Deduction Limitation
In today’s political climate in the United States, it’s not very surprising that the Congressional voting on the recently-enacted tax reform bill ended up being cast very much along party lines. Not…
Read MoreTax Reform for U.S. Expats – Business Taxation
Last week, we started our review of the newly-enacted Tax Cuts and Jobs Act (“TCJA”), focusing on the personal taxation provisions. This week, we focus on the business taxation provisions that we…
Read MoreTax Reform for U.S. Expats – Personal Taxation
This past week, President Donald Trump officially signed into law the Tax Cuts and Jobs Act (“TCJA”), the much-anticipated Republican tax reform legislation that was the subject of intense political…
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