Editorial team of TFX
Articles
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. ...
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...
Qualifying Advanced Energy Project Tax Credit program opens full applications for Round 2
The U.S. Department of Treasury, the IRS, and Department of Energy (DOE) have announced the opening of full applications for Round 2 of the Q...
Kamala Harris’s tax proposals: Unpacking the potential impact on American taxpayers
Vice President Kamala Harris has endorsed a series of tax proposals included in President Biden’s 2025 budget, aiming to raise over $5 trillion in revenue over the next decade. These plans include a range of tax inc...
IRS announces tax relief for victims of natural disasters in Puerto Rico and South Dakota
The IRS has announced tax relief measures for individuals and businesses affected by recent severe weather events in Puerto Rico and South Dakota. Both areas have experienced significant disruptions due to natural disasters, prompting the IRS to extend filing and payment deadlines to February 3, 2025. Tax relief for Puerto Ri...