3 Ways To Safeguard Finances Of The Vulnerable, Yet Navigate U.S. Tax

My article copied below, first appeared on Forbes July 2, 2024 – link here. Scams have become increasingly more convincing, posing significant financial risk to vulnerable individuals, especially the elderly. Financial security arrangements should be implemented, but when global financial assets or multi-nationals are involved, the U.S. tax issues can get complicated and require extra diligence. … Continue reading 3 Ways To Safeguard Finances Of The Vulnerable, Yet Navigate U.S. Tax →

Tax Return Preparer’s Mistakes Or Fraud: Innocent Taxpayer Takes Hit

UPDATE Oct. 31 2024 -- the "international tax expert" discussed in this article was just sentenced to over 15 years. Be careful out there. Sadly, we are living in an age where carelessness (and far worse) abounds, even when dealing with professionals. When it comes to US tax advice and returns, having an honest advisor … Continue reading Tax Return Preparer’s Mistakes Or Fraud: Innocent Taxpayer Takes Hit →

National Taxpayer Advocate – Pushes for Positive Changes for Americans Abroad

The law requires the National Taxpayer Advocate (NTA) to submit two annual reports to the House Committee on Ways and Means and the Senate Committee on Finance, without any prior review or comment from the Internal Revenue Service. The NTA Report for FY 2025 was just issued and includes various NTA advocacy objectives. Two of the … Continue reading National Taxpayer Advocate – Pushes for Positive Changes for Americans Abroad →

How Long Does The IRS Have To Catch Your U.S. Tax Mistake? 6 Scenarios

My article copied below, first appeared on Forbes June 11, 2024 – link here. It explains the important rules to know when IRS comes calling to review prior filed tax returns and assess additional taxes. How long can the IRS come after a taxpayer for tax errors or worse? The tax statute of limitations can … Continue reading How Long Does The IRS Have To Catch Your U.S. Tax Mistake? 6 Scenarios →

IRS “Direct File” Will Become a Permanent Option – But Not for Americans Overseas

The IRS announced on Thursday May 30, it will make Direct File a permanent option for filing federal tax returns starting in the 2025 tax season. Taxpayers who can fit within the Direct File eligibility parameters will be able to file their federal tax return for free, directly with the IRS! No middleman, no TurboTax, … Continue reading IRS “Direct File” Will Become a Permanent Option – But Not for Americans Overseas →

Foreign Spouse? Vexing U.S. Tax Issues For The American Half

My article copied below, first appeared on Forbes May 20, 2024 – link here. Follow me on Forbes - it's free and your gateway for easy to understand US international tax coverage. I’ve got 40 years of tax experience and am very careful with my blog posts to ensure accurate information is being provided. Just … Continue reading Foreign Spouse? Vexing U.S. Tax Issues For The American Half →

No U.S. Tax Honeymoon When Americans Marry Non-U.S. Citizens

My article copied below, first appeared on Forbes May 11, 2024 – link here. It provides some important tax tips for those in a US/non-US citizen mixed marriage! Follow me on Forbes for easy to understand US international tax coverage. I’d loved to be your “go-to” person when it comes to US tax issues impacting Americans … Continue reading No U.S. Tax Honeymoon When Americans Marry Non-U.S. Citizens →

Moving Overseas? 6 U.S. Tax Tips For Expats And Digital Nomads

Imagine the freedom of working from anywhere in the world, with just an internet connection and a trusty laptop. For many Americans, this dream is becoming a reality as the allure of lower taxes, improved quality of life, and better weather beckons. Before embarking on a global adventure, it's essential to understand the intricate U.S. … Continue reading Moving Overseas? 6 U.S. Tax Tips For Expats And Digital Nomads →

Another Breaking! Farhy Overruled – A Big Loss for Overseas Americans

I have written earlier on the case of Farhy v. Commissioner. There the Tax Court held that the IRS does not have the authority to assess and collect penalties asserted under Internal Revenue Code Section 6038(b). In the Farhy case, the assessed penalties were imposed for failure to file Form 5471, the IRS form required … Continue reading Another Breaking! Farhy Overruled – A Big Loss for Overseas Americans →

Death Of The American Abroad: Untangling U.S. Tax Across Borders

Many of my readers know I am now a contributor writing on Forbes. My coverage area is US international tax law for overseas Americans and foreigners. My article is copied below. It first appeared on Forbes April 22, 2024 here. In our global society, more and more Americans are living and working overseas. This inevitably … Continue reading Death Of The American Abroad: Untangling U.S. Tax Across Borders →