IRS Tax Tip Reminds U.S.Citizens/Resident Aliens Living Abroad to Know Their Tax Obligations
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The “Dirty Dozen”: IRS issues yearly list of tax scams that taxpayers may encounter this year
On July 16, 2020, the IRS released its annual list of tax scams, known as the “Dirty Dozen” highlighting scams that taxpayers and tax professionals should be aware of in 2020. This year’s “Dirty Dozen” list includes: Phishing Scams. ...
IRS Issues Two Warnings Regarding Possible Schemes You May Encounter With Future Economic Payments to Taxpayers
During the past week, the Internal Revenue Service (IRS) has issued two warnings regarding possible schemes you may encounter relating to forthcoming economic payments to taxpayers emanating from the $2 trillion dollar federal stimulus package enacted to combat the ...
OFFSHORE ACCOUNT COMPLIANCE (FBAR)
Whether you were aware of it or not, since the 1970s, U.S. law has required the disclosure of foreign financial accounts by U.S. taxpayers under certain circumstances. A U.S. taxpayer is not only a U.S. citizen but also a Green-Card holder and a person who is deemed to be a ...
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