Tax Time is Time to Reset


Dear Friends, COVID-19 has rocked Americans all over the world as this pandemic is sweeping the globe. We hope that you and your family are safe and healthy. Please know that we are thinking of all of our clients, friends and family during this novel Coronavirus outbreak.
Under the Corporate Transparency Act (CTA), most U.S. businesses are now required to file a Beneficial Ownership Information Report (BOIR) by January 1, 2025. This new mandate, overseen by the Financial Crimes Enforcement Network (FinCEN), aims to enhance transparency in business ownership and help prevent financial crimes. The BOIR requires businesses to report key details about their…
You’re enjoying your time outside the U.S. because being an expat is exciting, rewarding and full of memorable experiences. There are fun and exciting things to see, new people to meet, and great work to accomplish at your job. However, as well all know, we are living in challenging times. It has become increasingly difficult…
A Look at Penalties for Not Filing your Expat Tax Returns The number one question that runs through the “expat mind” at tax time is: what happens if I don’t file my US taxes? Would the IRS even notice? What are the consequences if I get caught? We are here to tell you what to…