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Text messages themed like IRS announcements are on the rise according to the Internal Revenue Service. Thousands of scammers have already attacked taxpayers in 2022 through MMS and SMS text messages. Scamming through text messages is known as Smishing. Many smishing campaigns are often masked as Covid relief announcements, help establishing an IRS account, or…
From everyone at Expatriate Tax Returns, we’d like to wish you a warm and Happy Thanksgiving! We’re incredibly thankful that you turn to us for your tax needs. We make it our mission to use our knowledge of the ever changing tax codes to find your maximum return and assure that you are up to…
With the Corporate Transparency Act (CTA) in full effect, US business owners face new compliance obligations designed to enhance financial transparency and combat illegal activities like money laundering. A key provision of the CTA is the requirement to file a Beneficial Ownership Information Report (BOIR) by January 1, 2025. Understanding what this means for your…
States have different tax requirements for Expat tax filing. If you live in one of these states, Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming, you do not have to file for STATE TAX RETURNS. Some states require that you remove ties to your State License, Property Ownership, Bank accounts, etc., before you can be exempt…
There is a common misunderstanding among U.S. expatriates regarding their true tax filing deadline. Most expats think that the traditional April 15th deadline is the same critical deadline for their expatriate tax returns. They think that if they don’t file a proper extension with the IRS (Form 4868) by April 15th, they will be penalized….
As the end of the tax year approaches, U.S. expats still have time to make smart financial moves to reduce their 2025 tax liability. Planning in October gives you a head start and keeps you from scrambling in December. Top deductions expats should review: Proactive planning pays offKeeping receipts and documentation throughout the year makes…