Tax Day Reminder
April 15th is tax day.* If you owe tax, payment is due!

*Please note Maine & Massachusetts tax payment due date is April 17th.
April 15th is tax day.* If you owe tax, payment is due!

*Please note Maine & Massachusetts tax payment due date is April 17th.
Many U.S. expatriates assume that once they move abroad, their state tax obligations end. Unfortunately, that’s not always the case. While federal tax rules apply universally to all U.S. citizens regardless of residence, individual states have their own rules on when and how a person ceases to be a tax resident. For many expats, this…
It has never been easier to be an expat, thanks to innovations in technology, growing use of social media, and the expansion of businesses supporting their employees working from home due to COVID-19. Advancements in new technology allow expats to work from anywhere, no matter where their company is located. With social media being as…
Expats Face Additional Reporting Responsibilities Living abroad does not automatically make a taxpayer more likely to face an audit. However, international returns can contain more forms, income categories, foreign accounts, and currency calculations than a typical domestic return. U.S. citizens and resident aliens abroad generally must report income from worldwide sources. Failing to include foreign…
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…
A recent Fifth Circuit decision has put the partnership tax world on alert. In Sirius Solutions, the Fifth Circuit reversed a previous Tax Court ruling regarding the limited partner exception to self-employment tax. The court rejected the Tax Court’s earlier approach and sided with the IRS. This case addressed a specific question: can individual partners…
You’ve taught me strength, grace, and the power of unconditional love. Happy Mother’s Day!