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We're here to give the professional expertise and peace of mind to make tax time less stressful. We are committed to your needs as expats, and we never stop learning, exploring, and staying proactive on the latest tax news that affects you.

IRS ONLINE PORTALS FOR STIMULUS PAYMENTS

In order to get stimulus payments out to more eligible individuals and to hasten the process, the IRS has created the following two new online portals.

CARES ACT STIMULUS PAYMENTS

We start with some bullet-point highlights and then use a series of detailed FAQs to analyze the CARES Act’s statutory provisions. We focus specifically on how U.S. expats can expect to benefit from the stimulus payments.

FOREIGN PENSION OWNERS CAN SAY GOODBYE TO FOREIGN TRUST REPORTING

The IRS announced in Revenue Procedure 2020-17 that it plans to promulgate regulations providing that U.S. owners of qualifying foreign pensions will no longer have to report their pension ownership or activities on the Forms 3520 and 3520-A.
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