UnCategorized

Categories

Subscribe!

Jun 22 2020

PASSING ON WEALTH TO HEIRS

Giving away assets during your life time can help reduce ...
Read More

Jun 22 2020

REMINDER: IRS DEADLINE POSTPONED TO JULY 15 FOR THOSE WHO PAY ESTIMATED TAXES

The Internal Revenue Service reminds taxpayers that estimated tax payments for ...
Read More

Jun 22 2020

IRS WARNS AGAINST COVID-19 FRAUD

The Internal Revenue Service (IRS) continues to remind taxpayers to guard against ...
Read More

Jun 22 2020

WHO QUALIFIES A TAXPAYER FOR THE CHILD AND DEPENDENT CARE CREDIT?

Childcare or adult dependent care can be a major expense. ...
Read More

Jun 22 2020

IS IT REALLY THE IRS CALLING?

Crooks impersonating the IRS either by phone, email or in ...
Read More

Jun 2 2020

ECONOMIC IMPACT PAYMENTS INFORMATION

The IRS has reported that millions of Americans have already received their ...
Read More

Jun 2 2020

WHERE’S MY REFUND?

The IRS issues more than 9 out of 10 refunds ...
Read More

May 12 2020

WHAT ABOUT MY RETIREMENT ACCOUNT?

Section 2202 of the Coronavirus Aid, Relief, and Economic Security ...
Read More

May 12 2020

BANK HAPOALIM TO PAY IRS $874-MILLION

According to Law 360’s April 30, 2020 article, Israel’s largest bank, Bank ...
Read More

May 1 2020

ADDITIONAL FUNDING ANNOUNCED

On April 27, 2020 the Small Business Association (SBA) will ...
Read More

May 1 2020

AM I ELIGIBLE FOR THE STIMULUS PAYMENT IF I AM LIVING ABROAD?

With clients around the world, we have had many questions ...
Read More

Apr 21 2020

PEOPLE FIRST INITIATIVE

To help taxpayers facing challenges due to COVID-19, the Internal ...
Read More

Apr 17 2020

BE AWARE OF SCAMS

While the tax filing deadline may have been extended, scammers ...
Read More

Apr 9 2020

ISRAEL’S BANK HAPOALIM OFFERS TO SETTLE WITH U.S

On March 23, 2020 taxnotes.com reported that Israel’s largest financial institution, Bank ...
Read More

Mar 13 2020

NON-RESIDENT ALIEN TAX RETURN

If you are not a citizen of the US, specific ...
Read More

Mar 12 2020

FOREIGN BANK AND FINANCIAL ACCOUNTING REPORTING (FBAR)

The Bank Secrecy Act of 1970 equipped the U.S. Treasury ...
Read More

Feb 28 2020

FOREIGN ACCOUNT TAX COMPLIANCE ACT – FATCA

The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, ...
Read More

Feb 27 2020

MECHANISMS FOR RELIEF OF DOUBLE TAXATION

Double taxation is defined as the levying of tax by ...
Read More

Feb 21 2020

US TAXATION OF NONRESIDENTS

The United States has one of the most complex tax ...
Read More

Feb 20 2020

GLOBAL INTANGIBLE LOW-TAXED INCOME INCLUSION (“GILTI”)

The Tax Cuts and Jobs Act of 2017 ("TCJA") brought ...
Read More

Feb 13 2020

PASSIVE FOREIGN INVESTMENT COMPANIES (“PFICS”)

United States citizens and tax residents are discouraged from investing ...
Read More

Feb 11 2020

LAST MINUTE TAX EXTENDERS

Many of the tax provisions below were set to expire ...
Read More

Feb 7 2020

FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT OF 1980 RULES (“FIRPTA”)

The United States has one of the most active real ...
Read More

Feb 5 2020

AVOIDING IDENTITY THEFT

Earlier this week the IRS launched Identity Theft Central. This ...
Read More

Jan 30 2020

TOP 10 THINGS FILERS NEED TO KNOW ABOUT THE FOREIGN BANK ACCOUNT REPORTING (FBAR)

1. Nonresident filers do not need to file Only filers ...
Read More

Jan 30 2020

TOP 5 THINGS US CITIZENS HOLDING FOREIGN COMPANIES NEED TO BE AWARE OF

1. Foreign entity reporting Depending on the type of entity (trust, ...
Read More

Jan 30 2020

TOP 10 THINGS EXPATS RESIDING OUTSIDE THE U.S. NEED TO KNOW

1. Expats still have to file in the US           The US tax ...
Read More

Jul 30 2020

Gig Economy tips taxpayers should remember

The gig economy, also called the sharing or access economy, ...
Read More

Jul 31 2020

Major Changes to Retirement Plans Due to COVID-19

In the recent update, the IRS reminds Qualified individuals affected ...
Read More

Jul 31 2020

Where’s My Refund?

The IRS reminds taxpayers that one of the best ways ...
Read More

Jul 31 2020

Don’t Forget, Social Security benefits may be taxable

The IRS reminds taxpayers receiving Social Security benefits that they ...
Read More

Sep 3 2020

A letter from the IRS? What taxpayers need to know if they receive a notice from the IRS

According to the Internal Revenue Service (IRS), they mail letter ...
Read More

Sep 3 2020

Paycheck Protection Program Loan Forgiveness

The Paycheck Protection Program (PPP) is a loan designed to ...
Read More

Sep 3 2020

Home Office deduction: What taxpayers need to know

The home office deduction allows qualifying taxpayers to deduct certain home ...
Read More

Sep 3 2020

Earning a side income: Is it a hobby or a business?

Whether it’s something you’ve been doing for years or something ...
Read More