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...
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...
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...
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...
I have some interesting tax news and resources to share with you this week, including: An IRS change that will make amending tax returns easier starting this summer,Slides from the IRS’ May 28th webinar on Tax Obligations of Americans Abroad, andAn invitation to the...
The July 15th 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...
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