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...
Failing to file will cost you more than failing to pay your taxes. You should to file your return on time, even if you do not owe anything to the IRS. The penalty for failing to file is significantly more than the penalty for failing to pay. The failure-to-file...
Yesterday, October 22, American Citizens Abroad, Inc. presented oral testimony at the public hearing held by the IRS and Treasury Department, “Guidance Regarding the Transition Tax Under Section 965 and Related Provisions (Ref-104266-18)”. ACA has gone on record twice...
A growing proportion of U.S.-born expatriates do not feel they should be required to file taxes while they live abroad and about one-fifth of them are considering renouncing their U.S. citizenship, according to a new survey. The survey, by Greenback Expat Tax...
If you enjoyed working with us and have just 10 seconds to spare, we’d love to offer you a 10% off prep services. What’s the Catch? There isn’t one! Based on the feedback from customer like you, we’ve made a change to our Refer-A-Friend program. A gift card is nice,...
The Sustaining Infrastructure Program manages the replacement of aged information technology hardware infrastructure that provides the foundation for technology services and supports the IRS’s most critical business needs. The management, maintenance, and ongoing...
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