Communication from the IRS


In another year that seems different than anything we are used to, some expatriates may find themselves owing taxes this time around. If expatriates received an advanced payment of the Child Tax Credit, you could owe taxes if your income changes. The original amount paid out for the Child Tax Credit was based on tax…
It’s March and that means we’re still at the beginning of the new year, but we’re already seeing some changes to the tax laws for U.S. expats. This is nothing new; it happens each year. Expatriate tax laws change often and it can be a full-time job just to keep up with them. These expat…
Hearing from the IRS is not uncommon, especially because of the number of filing mistakes that are routinely made. If you receive a computerized communication, you are best off answering it in a timely fashion providing the requested information or call directly to the telephone number provided. If you are notified of an audit, living…
A recent article in the Wall Street Journal titled “Tax Life Can Be Complicated When You’re Married to a Non-U.S. Citizen” looked at the difficulty many American expatriates have when they are married to a spouse who doesn’t have United States citizenship. As if it wasn’t challenging enough to be an American citizen living and…
The number of Americans choosing to give up citizenship has risen this past year to over 1,000 Americans! This is caused by the government implementing a new disclosure laws intended to stamp out tax evasion. Some Americans are hoping to avoid the disclosure requirements; while other Americans abroad say that they are done dealing with…
As the IRS sharpens its focus on digital assets, U.S. citizens living abroad must take note: crypto income and holdings are not exempt from reporting. Whether you’re trading Bitcoin, holding NFTs, or staking tokens while living overseas, you have important U.S. tax obligations. 🧾 Yes, Expats Must Report Crypto All U.S. citizens, including expats, are…