by Marina Hernandez | May 10, 2020 | Coronavirus Tax Relief, Stimulus Payments
On May 8, the IRS issued IRS Newswire IR-2020-92, reminding US taxpayers that this coming Wednesday May 13 is the deadline to provide bank account information to the IRS through their Get My Payment website. Providing bank deposit information accelerates the receipt...
by Marina Hernandez | Apr 26, 2020 | Coronavirus Tax Relief, Stimulus Payments
The US government taxes its residents on their worldwide income. A person is a US tax resident by virtue of being a US citizen, having a green card or spending too much time in the USA, regardless of visa status. The coronavirus pandemic resulted in closed borders and...
by Marina Hernandez | Apr 18, 2020 | Coronavirus Tax Relief, Stimulus Payments
Last week I shared that the IRS had announced the launch of a new website, Get My Payment, expected to be ready by April 17, to provide information about the amount of a taxpayer’s Economic Impact Payment, the scheduled date for the payment, and the manner in which...
by Marina Hernandez | Apr 11, 2020 | Coronavirus Tax Relief, Tax Planning
The July 15 extension deadline was expanded to include everyone, including Americans who live and work abroad, and allows them to postpone both their 2019 Federal Tax Return filing and the payment of the 2019 tax due.Information returns, which had specifically been...
by Marina Hernandez | Apr 4, 2020 | Coronavirus Tax Relief, Stimulus Payments, Tax Planning
If you file a married filed joint tax return and your spouse does not have a social security number, and you have not yet filed your 2019 US tax return, consider filing a married filing separate tax for the spouse with the SSN to receive the rebate. There are...
by Marina Hernandez | Apr 3, 2020 | Coronavirus Tax Relief, Tax Planning
Dear US taxpayers with foreign pensions, I’m normally too busy to write during tax season, but today something significant enough happened to merit an exception. The IRS released Revenue Procedure 2020-17, which will be published in the Internal Revenue Bulletin on...
