By Tina Orem – Market Watch Mailboxes are flooded with tax forms every year around this time, and many of them can be confusing, feel unnecessary or involve seemingly trivial amounts of money. But before succumbing to the urge to shove those pieces of paper into...
Each year, the IRS releases the Dirty Dozen – a list of the largest tax scams they saw for that year’s taxes. The IRS scams list reads like a playbook from the past, with phishing, identity theft, and fake charities making the top 12. These common scams are increasing...
By Laura Davison Capitol Hill Tax reporter, Bloomberg News. Filing taxes last year was a nightmare for taxpayers, their accountants and the Internal Revenue Service. This year might not be much better. The IRS is still working to issue guidance for the changes to the...
While many people are required to file a tax return, it’s a good idea for everyone to determine if they should file. Some people with low income are not required to file, but will need to do so if they can get a tax refund. Here are five tips for taxpayers who are...
US Taxes: Form 8621 and Guilty Tax or the expats’ nightmare U.S. expats are already subject to significantly more onerous tax rules than U.S. citizens living in the U.S., among which the Passive Foreign Investment Company (“PFIC”) is one of the most...
By Andreas Kluth Nov 26, 2019 Bloomberg Opinion The U.S. is (almost) unique in the way it taxes citizens working abroad. Its system stinks. An estimated 9 million American citizens living outside the U.S. face a tax nightmare those at home can’t imagine and none...
Recent Comments