Individual income tax returns with approved extensions to meet the bona fide residence test will generally be due on February 1 (since January 30 falls on a Saturday) and must be filed by this date. Individuals who are required to allocate moving expenses, nevertheless, may have been granted an extension up to March 31. Returns […]
Foreign Earned Income Exclusion: Time Travel Modern day foreign earned income exclusion has its origin in 1926, when Congress enacted its predecessor as part of a strategy to help American businesses expand overseas by incentivizing Americans to work and live abroad.[1] The exclusion is still the best-known, although sometimes misunderstood, tax benefit available exclusively to […]
Background The pandemic of Coronavirus COVID-19 has caused widespread disruptions to essential services, business operations, and everyday lives worldwide as governments around the world implement various degrees of quarantine measures in an attempt to contain the contagion. Recognizing that taxpayers have been adversely affected by the COVID-19 emergency, President Donald Trump first issued an emergency […]
Individual income tax returns with approved extensions to meet the bona fide residence test will generally be due on January 30 and must be filed by this date. Individuals who are required to allocate moving expenses, nevertheless, may have been granted an extension up to March 31. Returns mailed and post-marked by USPS or designated Private […]
Individual income tax returns with approved extensions to meet the bona fide residence test will generally be due on January 30 and must be filed by this date. Individuals who are required to allocate moving expenses, nevertheless, may have been granted an extension up to March 31. Returns mailed and post-marked by USPS or designated Private […]
Individual income tax returns with approved extensions to meet the bona fide residence test will generally be due on January 30 and must be filed by this date. Individuals who are required to allocate moving expenses, nevertheless, may have been granted an extension up to March 31. Returns mailed and post-marked by USPS or designated Private […]
2018 Tax Update Affecting U.S. Expatriates The Social Security Administration (SSA) and Internal Revenue Service (IRS) announced inflation adjustments for the following, which affect tax year 2018, on October 13 and October 19, respectively: Earnings subject to the Social Security tax; Tax provisions, including tax rate schedules and other tax changes (Rev. Proc. 2017-58); and […]