Light at the End of the Tunnel

Light at the End of the Tunnel

By Gina Gatchell, Director IRS Announces Tax Relief for US persons with Certain Foreign Retirement and Non-Retirement Accounts In refreshing news this week, the IRS has decided to exempt from burdensome information reporting requirements eligible foreign retirement...

Newsletter 21 Jan 2020

IRS News The IRS has announced that the 2020 Annual Tax Filing Season (ATFS) will open on January 27, 2020. The IRS strongly encourages electronic filing and preparers are required to electronically file returns they prepare for compensation. The IRS is currently...
The Foreign Account Tax Compliance Act – FATCA explained

The Foreign Account Tax Compliance Act – FATCA explained

By Gina Gatchell, Director In 2010 I received a call from a very upset US citizen about the enactment of the Foreign Account Tax Compliance Act. She sent me the article she had just read, which set out the future of information reporting by institutions outside the...
Fresh IRS warning to taxpayers with seriously delinquent tax debt

Fresh IRS warning to taxpayers with seriously delinquent tax debt

Following on from the January 2018 measures introduced under the Fixing America’s Surface Transportation (FAST) Act, the IRS released Notice IR-2019-23 on Wednesday, 27 February 2019.   The latest notice is a fresh warning to taxpayers with overdue debt. They are...