Editorial team of TFX

Understanding IRS home energy credits As we strive for more sustainable living, the IRS is offering incentives that could significantly reduce your tax bill. Making certain energy-efficient upgrades to your home not only contributes to a healthier planet but can also provide substantial financial benefits through tax credits...

The Internal Revenue Service (IRS) has confirmed that the interest rates for various types of tax-related activities will remain unchanged for the third quarter of 2024, starting July 1. This decision affects how much interest is calculated on both overpayments and underp...

The IRS has issued a final call to about one million Americans who haven't filed their 2020 tax returns, reminding them of the opportunity to claim part of the over $1 billion in unclaimed tax refunds. This opportunity ends on May 17, after which unclaimed refunds will be forfeited to the US Treasury. Who is affected? ...

The Internal Revenue Service (IRS) is urging tax-exempt organizations to submit their tax returns before the May 15 deadline, particularly those operating on a calendar year (CY) basis. This advance filing can ensure smoother processing and quicker confirmation from the IRS. Key filing information ...

Immediate action post-deadline For taxpayers who missed the April tax filing deadline, the IRS strongly advises immediate action to mitigate penalties and interest. Delay in filing can lead to significant financial penalties, especially for those who owe taxes. Here’s how you can address this situation: ...

TFX (Taxes for Expats) has expanded its service offering to cater to the needs of US small businesses. Despite this expansion, the company’s commitment to serving American expats has remained unchanged.  Taxes for Expats has been a reliable name in the US expat ta...