As this year’s tax season heads towards its end, we continue to see more and more self-filers who have received notices from the IRS reassessing their tax liabilities due to mistakes or…
Read MoreIn what is being hailed as a landmark decision, the U.S. Tax Court recently sided with a pair of whistleblowers who provided information that assisted the U.S. government in a high-stakes tax evasion…
Read MoreOver the past several, years, the U.S. government has signed intergovernmental agreements (“IGAs”) with dozens of partner countries (83 altogether at latest count), which are designed to promote the…
Read MoreA number of clients have asked us whether a U.S. expat can receive a tax refund from the IRS despite living overseas. While the answer to this question can be nuanced depending on the circumstances…
Read MoreSince their inception in 2009, the IRS tax amnesty programs have been fairly successful in encouraging delinquent taxpayers to come forward and disclose their offshore activities to the IRS. As the…
Read MoreAs with life’s more difficult questions, the answer is that it depends. Generally, states impose tax only on individuals who are residents of the state. As such, if an individual is a resident of a…
Read MoreThe IRS has just issued a reminder to taxpayers that the FBAR filing deadline of June 30th is fast approaching. Unlike other tax forms, extensions of time to file the FBAR are not allowed, so June…
Read MoreFor many taxpayers, bilateral treaties can be an important tool for eliminating double taxation – i.e., tax in both the country of income source and the country of taxpayer residence or citizenship.…
Read MoreIf you are a U.S. expat that has invested or is considering investing in foreign mutual funds, there are a number of serious U.S. tax considerations that you should take into account. These…
Read MoreWhile the foreign tax credit (FTC) and foreign earned income exclusion (FEIE) usually steal the spotlight as the two main methods used by expats to reduce or eliminate their U.S. taxes, a third and…
Read MoreEarlier this year, the IRS published the 2015 version of its annual IRS Data Book, which contains statistical information about the IRS and taxpayer activities during the previous year. The IRS Data…
Read MoreThe U.S. Treasury Department recently issued proposed regulations, which make a number of modifications to the FBAR reporting rules. The changes are to become effective if and when the proposed…
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