US Tax Filing Requirements
All US persons must file tax returns regardless of their country of residence. US persons paying tax in the UK are still required to file annually with the US, even when there is no tax due. In addition, the requirement to file Foreign Bank Account Reporting forms remains even when you do not owe tax — and there can be a significant penalties for each form not filed correctly.
The return must be submitted to the IRS by April 15th following the end of the tax…
It is not uncommon for individuals to fall behind on their US tax filing obligations, especially when…
A 529 plan is a US tax efficient savings plan (aka qualified tuition plan) designed to help families to save for their child’s…August 25, 2021
The Office of Tax Simplification (OTS) has announced a review of…June 14, 2021
Following various factsheets, Congress addresses…June 11, 2021
Biden set to propose capital gains tax of 39.6%…April 23, 2021