Relief Procedures for Certain Former Citizens

Are you planning to relinquish / give up your US citizenship? However, you have never filed any US tax returns and are worried about the potential issues with the Internal Revenue Service (IRS)? In these situations, you should obviously consult with the appropriate tax and legal advice about your situation. One option the IRS has listed [...]

2023-09-14T09:52:39+00:00Late Filing, Tax Filing Requirements|Comments Off on Relief Procedures for Certain Former Citizens

IRS Letters: The Good, the Bad, and the Ugly

Receiving a letter from the IRS can be a daunting experience, but it's important to remember that not all letters are bad news. In fact, many letters are simply informational or request additional information as the IRS may need verification in order to process your tax return. Here are some common reasons why the IRS [...]

2023-05-09T06:17:06+00:00*FAQs (Frequently Asked Questions), IRS, Tax Filing Requirements|Comments Off on IRS Letters: The Good, the Bad, and the Ugly

Form 8854: Initial and Annual Expatriation Statement

In the past few years, there has been an upsurge in US citizenship renunciations. In a recent Forbes article[i], between 2005 and 2009, less than 2,500 people renounced their citizenship. Between 2010 and 2020, this number went up to 36,840. The reasons behind such renunciations could be political or personal and irrespective of the reasons [...]

2023-03-08T08:38:58+00:00*FAQs (Frequently Asked Questions), Penalties, Tax Filing Requirements|Comments Off on Form 8854: Initial and Annual Expatriation Statement
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