I kid you not. This. Is. Real. As you may remember, I devoted most of last week’s newsletter to the complexity of having to deposit a US government Economic Impact Check when living overseas. It turns out that this may not be much of an issue after all, whether...
The IRS finally fixed the Get My Payment website to accept foreign addresses about 10 days ago, but it was too late for some Americans living abroad to provide their US bank information for the direct deposit, as the IRS had already mailed or scheduled their checks...
On May 8th, the IRS issued IRS Newswire IR-2020-92, reminding US taxpayers that this coming Wednesday May 13th is the deadline to provide bank account information to the IRS through their Get My Payment website. Providing bank deposit information accelerates the...
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...
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...
Last week I shared that the IRS had announced the launch of a new website, Get My Payment, expected to be ready by April 17th, to provide information about the amount of a taxpayer’s Economic Impact Payment, the scheduled date for the payment, and the manner in which...
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