Editorial team of TFX
Articles
The 2016 US Tax Filing Season is Starting Right on Schedule
The IRS has made an announcement that the season to file taxes will start on time on January 19, 2016. It’s now official: The official tax season will begin on January 19. Why not Monday, January 18? Because that’s Dr. Martin Luther King, Jr. Day. Beginning January 19, th...
US Gift Tax: How Changes to Expatriate Gift Taxation Might Impact You
Are you trying to understand the US gift tax and how it affects you if you relinquish the U.S. citizenship? The gift tax in the United States is one of the most commonly misunderstood taxes in US tax law. The rules surrounding the gift tax are complex and quite often difficult to understand. His...
More Foreign Banks Working with US Government to Disclose American Accounts
Here we go again with your favorite tax topic: FATCA and the Streamlined Procedure Okay, maybe not your favorite topic, but an important one, nonetheless. There are some important updates about the OVDP that could affect you ...
Who Is Required to File the New BE-10 Report?
There is a new filing requirement for US Persons who own or have ownership in foreign entities. The BE-10 started out as a survey and is now mandatory for US Persons. If you are a US Expat, you may or may not have heard about the most recent reporting requirement in the form of the ...
US Expat Taxes - What’s New in 2015
1. The IRS will begin accepting tax returns filed electronically on January 20, 2015. Paper tax returns will begin processing at the same time. 2. The Foreign Earned Income Exclusion was increased ...
How Are Same-Sex Couples’ Taxes Affected by New Laws?
In June, 2013, the Supreme Court overturned the DOMA (Defense of Marriage Act) and extended equal rights to same-sex marriages. The Supreme Court abolished the DOMA on June 26, 2013, and the same healthcare and tax rights that opposite-sex marriages enjoy were extended to same-sex marriages. This ruling affect...