Editorial team of TFX
Articles
Treasury Department halts enforcement of Corporate Transparency Act for US businesses
The US Treasury Department has announced a significant shift in its enforcement of the Corporate Transparency Act (CTA). The agency will no longer require US citizens and domestic businesses to c...
Trump administration’s impact on retirement policies
The Trump administration has introduced several proposed changes that could reshape retirement for millions of Americans. From potential Social Security reforms to tax policy shifts, these updates could have lasting effects on both current retirees and those planning for their future. ...
Case study: Unseen double tax relief
By getting help from our CPAs, the client effectively "saved = earned" over $56,000 in net savings while avoiding complex double taxation issues. Disclaimer Names and certain nume...
Webinar: Ask a CPA anything about expat taxes – recording, highlights, and Q&A
On January 29, Taxes for Expats (TFX) hosted a webinar, "Ask a CPA anything about expat taxes," featuring a live Q&A session with Wendy Christiansen, a CPA with over 15 years of experience and a Tax Supervisor at TFX. Topics covered in the webinar: US tax filing requirements for ex...
How AI is helping the IRS close the tax gap: Challenges & opportunities
The US tax gap – an enormous $688 billion in 2021 –represents taxes owed but not paid. This persistent issue has far-reaching consequences, including underfunded programs, increased national debt, and added pressure on compliant taxpayers. To address this challenge, the IRS is increasingly turning to artificial int...
IRS announces e-filing shutdown for system update
Jan 2025 update The IRS has announced that the 2025 tax season will begin on Monday, January 27, 2025... read more...