6 Important Income Tax Changes for Citizens Abroad in 2016
There’s a famous quote that says nothing is certain but death and taxes. Yet while taxes may be certain, consistency in the tax code is not. Whether you’re a citizen abroad or live on US soil, there are six significant changes you should know...Avoid These 3 Common Tax Mistakes Made by Expats
The tax code isn’t exactly known for being easy to understand, especially when it comes to international taxation. Unfortunately, its complexities often lead well-meaning taxpayers to make costly errors. The good news is that these pitfalls are easy...Owe Back Taxes to the IRS? The Government Could Take Away Your Passport
Are you planning on taking a trip overseas to escape the harsh winter weather? Are you already a citizen abroad? If you answered yes to either of those questions, now is the time to get caught up if you owe back taxes to the IRS. Legislation passed...How Does the IRS Decide if an FBAR Violation was Willful?
If you’re a regular reader of our tax blog, you may already be familiar with the IRS FBAR requirement, or Report of Foreign Bank and Financial Accounts. If this term is new to you, here’s a quick summary to get you caught up: all U.S. persons,...IRS Now Recognizes Same-Sex Marriage In Every State
On June 26, 2015, the United States Supreme Court ruled in a 5-4 decision that the Due Process and Equal Protection Clauses of the Fourteenth Amendment guaranteed the right to same-sex marriage. The landmark ruling, known as Obergefell v. Hodges, was a monumental...