by Marina Hernandez | Jul 12, 2020 | Tax Planning
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...
by Marina Hernandez | Jul 5, 2020 | Tax Planning
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...
by Marina Hernandez | Jun 28, 2020 | Tax Planning
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 15. July 15 is also the deadline to pay the 2019 tax balance, and although the IRS provides...
by Marina Hernandez | Jun 21, 2020 | Tax Planning
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...
by Marina Hernandez | Jun 14, 2020 | Tax Planning
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...
by Marina Hernandez | Jun 12, 2020 | Tax Planning
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...
