In the past, the U.S. has lost on average 1000 citizens per year, but 2020 is on track to be the year with the highest number of Americans who relinquish their citizenship. Almost 6000 Americans have already renounced their citizenship this year. The leading cause is the pandemic, as people question their connection with the…
U.S. taxpayers who have a social security number AND filed a tax return in 2018 or 2019 may qualify for refundable tax credits. If you qualify, the maximum credit will be $1200 per taxpayer and $500 for each dependent child reported on your tax return that have a valid social security number. Don’t put off…
The US government extended the filing and payment of all individual tax returns to July 15th, 2020. Estimated taxes that were due in April and will be due in June are also extended to the July 15th deadline. Penalties and interest will be waived on all individual tax payments that were due from February 15…
For Expats getting the Covid-19 stimulus payment from the US government can be a complicated process: You must have a US social security number. Using an ITIN disqualifies you from the program. Including taxpayers, spouses and dependents. Direct deposits are only available to US bank accounts. Some clients who do not have a…
The U.S. Treasury Department and the IRS are providing special PAYMENT RELIEF to individuals, trusts, businesses and estates, in response to the novel Coronavirus pandemic for those who filed for an extension on or before April 15th, 2020. All income tax payments (including self-employment tax) are extended to July 15, 2020 without penalty or interest…
A Letter from our Managing Member, Diane Siriani Hello to all of our clients, friends and associates. All of us at ExpatriateTaxReturns.com and EtaxService.com LLC sincerely hope and pray that all of you are safe and of good health. This pandemic has touched every single one of us in a way no one would ever…
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