U.S. tax relief during the COVID-19 pandemic: stimulus payments, filing extensions and travel-restriction relief for expats.
For many taxpayers, receiving a stimulus payment from the IRS has been a vital financial lifeline during uncertain times. However, for individuals living abroad or with complex international tax…
Read MoreIn an unexpected but welcome move, the IRS issued Notice 2022-36 on August 24, which provides fling penalty relief to taxpayers who filed certain 2019 or 2020 returns late.
Read MoreThe Internal Revenue Service announced recently that it has finished issuing information letters to advance child tax credit (CTC) payment recipients and to recipients of the third round of the…
Read MoreIn order for an individual to determine his or her U.S. tax filing obligations, this basic question must be asked from the outset – who is a U.S. person in the eyes of the IRS?
Read MoreThe US government’s economic response to the COVID pandemic has taken a number of forms, including economic stimulus payments to individuals, economic relief for small businesses, extended reporting…
Read MoreWith the 2020 year coming to a close, President Trump signed the latest massive U.S. government stimulus bill, which includes a second round of stimulus payments for Americans, including citizens…
Read MoreAfter months of stalled negotiations, the U.S. Congress (both the House and Senate) on Monday night overwhelmingly passed a $900 billion relief bill, intended to again bolster the U.S. economy, which…
Read MoreThe U.S. government’s economic response to the COVID-19 pandemic has taken a number of forms, including stimulus payments to individuals, economic relief for small businesses, extended reporting…
Read MoreIn perhaps a sign that the IRS is turning a corner in becoming more tech savvy, the IRS website now houses two newly-created online portals designed to help Americans receive their stimulus payments.
Read MoreOn Friday, March 27th, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), a massive $2 trillion bill designed to stimulate the United States…
Read MoreOver the past week, the IRS has made a number of announcements related to the COVID-19 pandemic and the U.S. government’s response measures intended to provide relief to taxpayers. We review the…
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