Happy New Year 2022
Our team at Expatriate Tax Returns would like to wish everyone a Happy New Year 2022!
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Big IRS Changes Coming in 2026: What Expats Need to Know Now
With 2026 tax season approaching, U.S. expats face several IRS updates that could significantly affect how they file and report foreign income. From increased thresholds to enhanced enforcement and global reporting changes, understanding what’s new will help you avoid penalties and make informed decisions before year-end. Here’s what every expat should expect for the 2026…
Will You Owe Taxes?
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…
Recovering from Identity Theft
Identity theft can be prevented in many ways, but if you are a victim, there are a few ways to recover your information and ease the financial burden. Once you discover that your identity has been stolen, contact your local law enforcement, freeze your credit, and place a fraud alert on all accounts. Once all necessary parties…
New Requirement: Beneficial Ownership Information Report Due January 1, 2025
Under the Corporate Transparency Act (CTA), most U.S. businesses are now required to file a Beneficial Ownership Information Report (BOIR) by January 1, 2025. This new mandate, overseen by the Financial Crimes Enforcement Network (FinCEN), aims to enhance transparency in business ownership and help prevent financial crimes. The BOIR requires businesses to report key details about their…
