Author Archives: Sam Hallowell
IRS: Pay Up or Lose Passport
The IRS recently announced they sent at least 362,000 names to the State Department to deny or revoke the US passport for those US Citizens who have not paid their taxes. The Internal Revenue Code allows the IRS to certify the tax debt of delinquent US taxpayer to the State Department. Following such notification, the State […]
CASHING IN: HMRC changes UK landlords tax reporting
HMRC MOVE UK LANDLORDS ONTO THE CASH BASIS FOR TAX REPORTING Effective for the 2017/18 UK tax year, UK tax-paying landlords, whose rental receipts do not exceed £150,000 per UK tax year, will move onto the cash basis for UK tax returns. The switch is designed to make the reporting of rental income simpler and […]