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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…
Taxpayers experienced significant challenges during the COVID-19 pandemic. Because of this, the IRS issued Notice 2022-36. This issue includes relief of penalties to select people and businesses who filed late 2019 and/or 2020 returns. Expatriate Tax Returns has helpful information to keep you off the tax hook. Contact us today to see if you qualify…
The increasing trend of digital nomadism has reshaped how and where people work, with more professionals choosing to live and work across multiple countries. This lifestyle shift brings significant tax considerations for expatriates, particularly in how they manage their tax liabilities across different jurisdictions. Understanding Your Tax Obligations: Digital nomads face complex tax scenarios. Depending…
When it comes to making international payments, expats could be paying more than they have to especially when paying taxes in another currency. One of the big reasons for this is the fact that so many of them still use their banks. Maybe you do too – well, you’ve always stuck with your bank for…
Confusion. It’s a feeling we’ve all experienced from time to time and no one likes feeling that way. When it comes to taxes, just about everyone feels confused and that is even more the case when it comes to Expatriate Taxes. For example, tax terms like the the FBAR (Report of Foreign Bank and Financial…
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