Stimulus Package
U.S. taxpayers who have a social security number AND filed a tax return in 2018 or 2019 may qualify for refundable tax credits. If you qualify, the maximum credit will be $1200 per taxpayer and $500 for each dependent child reported on your tax return that have a valid social security number. Don’t put off…
U.S. Tax Filing Extension Ends July 15th
The US government extended the filing and payment of all individual tax returns to July 15th, 2020. Estimated taxes that were due in April and will be due in June are also extended to the July 15th deadline. Penalties and interest will be waived on all individual tax payments that were due from February 15…
Stimulus Payment Complications for U.S. Expats
For Expats getting the Covid-19 stimulus payment from the US government can be a complicated process: You must have a US social security number. Using an ITIN disqualifies you from the program. Including taxpayers, spouses and dependents. Direct deposits are only available to US bank accounts. Some clients who do not have a…
