In one of the IRS’s more generous rules, it allows U.S. expats to treat their non-resident alien (i.e. non-American) spouse as a U.S. person for tax purposes (assuming that several conditions are met and a correct application for this particular treatment is properly...
The Form 8938 filing requirement does not replace or otherwise affect a taxpayer’s obligation to file FinCEN Form 114 (Report of Foreign Bank and Financial Accounts). Unlike Form 8938, the FBAR (FinCEN Form 114) is not filed with the IRS. It must be filed directly...
If you are considering moving to Portugal as a foreign resident, it is important to understand the tax system and tax implications. Here you have relevant information about tax returns in Portugal for foreign residents: Non-Habitual Resident (NHR). The NHR program in...
By Katie Teague CNET, April 27 If you’ve been waiting for a child tax credit expansion bill to get passed, don’t delay any longer. We’ll explain what’s going and what you should do. The child tax credit — both the current credit and the...
From Katie Teague CNET April 27 adapted by US Tax Consultants Tax season is not over yet, but when should you expect your child tax credit refund? Here’s how to find out when you’ll get it. Tax season might be over, but if you’re reading this, you...
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