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The Importance Of Form 8992: A Guide For Taxpayers
The United States is one of the few countries in the world that taxes its citizens on their worldwide income, regardless of where they live. This can create a significant tax burden for U.S. citizens living and working abroad. The good news is that there is a way to minimize your tax liability as an…
Happy 4th of July!
Expatriate Tax Returns Wishes You a Happy 4th of July!
Bona Fide Residency Test
Have you heard of the Bona Fide Residence Test? Meeting the bona fide residence test will allow an expatriate to qualify for the foreign earned income exclusion. If you are a resident of a foreign country for an entire tax year, from January 1st to December 31st, you may meet qualifications for the Bona Fide…
Today Is Tax Day
If you owe money, you must pay today or you will owe a fine. You can request a 3 month extension to October to file the paperwork but you do need to pay. There are short and long term payment plans. Don’t wrap up fines. If you need help filing, contact Expatriate Tax Returns.
COVID-19 Stimulus Money
If your income was less than $75,000 in 2019, you may qualify for the $1,200 stimulus form the IRS and another $500 per dependent. You must have an SSN and be a U.S. tax payer. All current and previous tax filings need to be up-to-date to receive the stimulus check. If you need help catching…
