The Ultimate US Tax Guide – Insight #1

As promised 10 days ago, this is the first of 37 issues in our new CBP posts, The Ultimate US Tax Guide, where I will share with you 37 key tax insights that US taxpayers like us need to understand, to help us take care of our US taxes with more confidence and...

Where is my second coronavirus stimulus?

I was expecting to have plenty to share with you this week on the tax front, as some of the key relief measures of the CARES Act expired at the end of this week or are set to expire in the coming days and months. The House of Representatives proposed a second round of...

Do you have a plan? Tax implications of working from home

Tax Day is behind us, yay! I’ve been enjoying a couple of quiet days and the ability to catch up with reading. It’s been nice. Before we move on from the 2019 tax season though, I wanted to share a quick tip with all of you who are expecting a refund. The IRS’s...

How to (maybe) get back your Obamacare surtaxes

If you pay Net Investment Income Tax and/or Additional Medicare Tax, you may be able to get it back URGENT, IMPORTANT, READ IF YOU PAID ONE OR BOTH OF THESE TWO TAXES IN 2016-2019 In last week’s post, we discussed the statute of limitations for refunds. Little did I...

Get your refund before it’s too late!

You know how last week we discussed how the IRS paid $1.4 billion too many in EIP checks? On the flip side, it looks like the IRS may get to pocket $1.5 billion too many in unclaimed taxpayer refunds. Do two wrongs make a right? They do almost perfectly even out. The...

When you can’t pay your taxes – IRS to the rescue!

You owe taxes but don’t have the money to pay. Can the IRS help? As we discussed two weeks ago, we are approaching the 2019 COVID postponed tax filing deadline. Tax day is July 15th. July 15th is also the deadline to pay the 2019 tax balance, and although the IRS...

Tips to minimize taxes

Last Thursday, the Crossborder Academy hosted an Open Virtual Classroom covering Coronavirus Tax Relief and 2019 US Tax Filing Tips for Americans in Switzerland. In this issue of CBP, we’ll share the answers to two of the questions we covered at the end of the webinar...

I Can’t Pay My Taxes, Now What?

This week we are going to cover what happens if you owe taxes and can’t pay.  We will start by discussing penalties and interest in this issue, and next week, we will discuss different options for financing your tax balance. I wanted to share a useful link. The...

Deadlines, deadlines, lots of tax deadlines

Our 2019 tax filing deadlines are just around the corner, so we are going to focus this week on some key reminders, including unique tax filing and payment deadlines that apply to this tax season, which may trip some of you, and potentially cost you unnecessary...