Even if your income levels fall below the filing thresholds for U.S. individual income tax returns, it is recommended that a U.S. return still be filed. Filing a tax return starts the statute of limitations running, whilst any year during which a return is not filed...
Now that the US tax season is well underway with the first due date (without extension of time for filing) less than three weeks away here is a timely reminder about record keeping. The following guidelines as regards record-keeping dovetail into the statute of...