It is finally here — today is Tax Day. Some of us have filed our returns while others are scrambling. For those of us rushing to get their returns in order, the following can help:
Last minute tax tips for Tax Day
Tax Day may mean double duty if you have foreign assets
The Internal Revenue Service (IRS) recently reminded taxpayers that even those living abroad likely need to file paperwork this tax season. In some cases, the government may require taxpayers file additional paperwork.
Three facts about the IRS refund process
The Internal Revenue Service (IRS) is working through tax filings and anticipates many more as the April 15 tax deadline quickly approaches. The agency recently released a publication aimed at dispelling many myths about tax refunds that are getting circulated through social media platforms.
Are increased tax burdens leading citizens to leave the U.S.?
The United States Government Accountability Office (GAO) recently released a bulletin calling on the Internal Revenue Service (IRS), Congress and other government agencies to make changes to better address foreign asset reporting. The bulletin notes approvals of renunciations of United States citizenship have increased from 1,601 to 4,449 from 2011 to 2016. The agency suspects the increase in renunciations is the result of difficulties with reporting of foreign assets.
