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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...

The Foreign Earned Income Exclusion EIP Gift

Last week we discussed the case of Sara, the English tutor who was forced to return early from Spain to the USA due to the pandemic. We discussed how Sara expected to benefit from the Foreign Earned Income Exclusion, FEIE, and how the IRS issued a Revenue Procedure...