Posts made in November, 2019

New tax filing and tax payment guidelines are to be set by the IRS. The revised Internal Revenue Code section 965 can potentially affect US expats. Get to know more about section 965 and how it affects you.   What is Section 965 United States shareholders defined under section 951 must pay a transition tax […]

Wherever an expat lives around the world, as a green card holder and a U.S. citizen, he must file the U.S. tax returns. Considering between the U.S. and your local country’s tax returns, you might think that filing one first over the other is essential. In reality, no matter which tax return you file has […]

Each year, between Thanksgiving and New Year, IRS uses the “offseason” to update tax forms. Hence, the e-filing services are shut down each mid-November. Usually, the changes refer to the form design and other aesthetic factors. The recent tax form was not the usual. An evidence of this one is the lengthy “What’s New” section […]