Blog
Will Passengers Stranded on Cruise Ships Due to COVID-19 Become US Tax Residents?
As of May 2, 2020, over 40 cruise ships were dealing with positive cases of the COVID-19. The New York Times published an article on April 14, 2020, pointing out that over 80,000 crew members were stranded on 100 cruise ships. There [...]
CARES Act Expands Corporations’ Ability to Obtain Additional Refunds
Corporations with net operating losses in 2018, 2019, or 2020 could be eligible for significant tax refunds under the new rules of the CARES Act. Previously, the Tax Cuts and Jobs Act, passed in December 2017, limited the ability of corporations to [...]
Tax Relief for US Expats Temporarily Stranded Back in the US Due to COVID-19
When COVID-19 hit, it posed an additional challenge for US expats who were temporarily in the US for business or personal reasons. Many became stranded in the US due to restrictions on international travel, borders closing, or local COVID-19 conditions. This left [...]
Tax Relief for US Nonresidents Temporarily Stranded in the US Due to COVID-19
Were you in the US visiting or on short-term business travel when COVID-19 struck? And has your stay been extended as a result? Like many countries, the US has rules about how much time a nonresident can spend in the country before [...]
Business Tax Relief for Foreigners Temporarily Stuck in the US Due to COVID-19
Are you a foreign individual or a foreign business from one of the many countries that the US has a tax treaty with (such as the UK, France, or Australia)? If so, then you may know that you can come to the [...]
The IRS Tends To “Bury” High-Stakes Questions in Individual Tax Returns
Most people are unaware that the IRS tends to “bury” high-stakes questions in individual tax returns. Yet a different approach could benefit and protect taxpayers. Did you even notice an additional question on the 2019 US Individual Income Tax Return (Form 1040)? [...]
Stimulus Payments for Individuals with International Matters
As reported widely in the news, The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. The law introduced “economic impact payments” that were applicable to individuals and businesses. Although many Americans are eligible for [...]
IRS Extends More Deadlines and Reverses Stance on Deadline for International Forms
With the progression of COVID-19 in the US, the IRS and states have scrambled to provide relief to taxpayers. Over the past few weeks, each day has brought new developments. Most recently, the IRS has extended more deadlines and reversed stance on [...]
May 29 Deadline for Reporting of Foreign Real Estate, Self-Employment Abroad, and Foreign Business Activity|Form BE-10
Form BE-10 is due May 29, 2020. Never heard of it? That’s because it’s only required every five years, and it is NOT a tax form, so it’s not widely discussed. So, why are we alerting you to it? Because like [...]
IRS Targeting High-Income Earners
The IRS is hitting the road, targeting high-income earners who haven’t filed federal income tax returns or paid taxes for 2018 or previous years. The agency estimates that billions are lost in tax dollars from these non-filers. The goal is to collect [...]
