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The Tax Fairness for Americans Abroad Act (H.R.7358) (TFAA)

The Tax Fairness for Americans Abroad Act (H.R.7358) (TFAA)

TFAA was introduced in December of 2018 by Representative George Holding (R-NC).  The bill changes existing citizenship-based taxation rules (CBT), in US tax law, to residency-based taxation (RBT).  RBT is sometimes referred to as territorial taxation.TFAA prpouses...

A Call to US Citizens, Dual Citizens and “Accidental Americans”

A Call to US Citizens, Dual Citizens and “Accidental Americans”

When: March 12, 2019 at 19h00 Where: The Business Center of Mutua Madrileña, 33 Paseo de la Castellana, Madrid.Registration required: https://bit.ly/2Eta1jqThe Stanford Alumni Association of Spain invites you to hear Marylouise Serrato, Executive Director of...

Who Needs to File the FinCEN Form 114 (FBAR)?

Who Needs to File the FinCEN Form 114 (FBAR)?

FBAR stands for “Foreign Bank Account Report”. Originally numbered as TDF 90-22.1, up to 2013 and was filed on paper, since then it is required to be filed online and its name changed to FinCEN Form 114.FinCEN Form 114 is required to be filed by all US citizen, Green...

“ACM Need to Know Seminar”: Investing as American Abroad

“ACM Need to Know Seminar”: Investing as American Abroad

Thu, February 21, 2019 7:00 PM – 9:00 PM  Universidad San Pablo CEU - Calle Julián Romea, 23 28003 Madrid  (Fac. Económicas y Empresariales)Investing as an American Abroad: What You Need to Know Now to Grow Your Savings and Avoid Conflicts with the IRS: Why you must...

Where is my refund from last year?

Where is my refund from last year?

Can Trump’s administration really send out tax refunds during a shutdown? It’s not clear. The Trump administration says tax refunds will go out. But some experts are skeptical. President Donald Trump’s administration said earlier this week that it will still send out...

Provision of Tax Cuts and Jobs Act in detail (1)

Provision of Tax Cuts and Jobs Act in detail (1)

1. New Individual and Capital Gains Tax Rates:The Act maintains the current seven individual tax brackets but generally reduces the applicable tax rates. A comparison of the individual tax brackets that would have been in effect for 2018 prior to passage of the Act...

IRS: No required to declare!

IRS: No required to declare!

Here's why some retirees no longer have to file a tax return Retirees whose only source of income is Social Security generally will not owe any federal taxes and therefore don't need to file a return with the IRS.Even some people with taxable sources of income end up...

Three Common Family Tax Mistakes

Three Common Family Tax Mistakes

When it comes to transactions between family members, the tax laws are frequently overlooked, if not outright trampled upon. The following are three commonly encountered situations and the tax ramifications associated with each. Renting to A Relative – When a...

All You Need to Know About the Tax Evasion Statute

All You Need to Know About the Tax Evasion Statute

As defined within the 26 United States Code section 7201 by the Internal Revenue Code, failure to report taxes accurately, failure to report taxes and failure to pay taxes are all forms of tax evasion. In order to establish a case of tax evasion against you the...

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