2020 Year-End Tax Planning
Tax Planning At the End of a Year Like No Other As the end of 2020 approaches, we can all agree that […]
Foreign Earned Income Exclusion: 2019 Perspective and COVID-19
Foreign Earned Income Exclusion: Time Travel Modern day foreign earned income exclusion has its origin in 1926, when Congress enacted its predecessor […]
IRS Expands Automatic Postponement of Due Dates
The IRS issued Notice 2020-23 on April 9, 2020 to expand the automatic postponement of due dates for filing and paying federal […]
US Expatriate’s Perspective on Pandemic Relief
Background The pandemic of Coronavirus COVID-19 has caused widespread disruptions to essential services, business operations, and everyday lives worldwide as governments around […]
IRS Simplifies Foreign Trusts Reporting
Foreign Pensions of US Expats and Inbound Foreign Nationals: IRS Simplifies Reporting Rules For Certain Foreign Trusts But There Is More to […]
2019 US Tax Tips: Bitcoin and Cryptocurrencies
Bitcoin and Cryptocurrencies – What You Should Know Before Preparing Your 2019 US Tax Return, FATCA, and FBAR IRS, The Legend […]
2019 Year-End Tax Planning
Year-End Tax Planning with Holiday Cheer As the holiday season approaches, there never seems to be enough time to plan your gatherings […]
QBI Deduction Safe Harbor for Rental Real Estate Finalized
IRS Finalizes QBI Deduction Safe Harbor for Rental Real Estate On September 24, the Internal Revenue Service (IRS) issued Revenue Procedure 2019-38 […]
Qualified Business Income (QBI) Deduction for Rental Real Estate
Background The new QBI deduction, created by the 2017 Tax Cuts and Jobs Act (TCJA) allows many owners of sole proprietorships, partnerships, […]
IRS Waives Estimated Tax Penalty
IRS Waives Penalty for Many with Short Witholding or Estimated Tax Payments The Internal Revenue Service (IRS) announced on January 16, 2019 […]