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…
Biden set to propose capital gains tax of 39.6%…April 23, 2021
The Treasury Department and Internal Revenue Service has announced…March 18, 2021
The Internal Revenue Service announced on 12 March 2021 that the third round of…March 15, 2021
New IRS form available for self-employed individuals to claim COVID-19…February 9, 2021