US Taxpayers who have an Individual Taxpayer Identification Number (ITIN) should check to see if their numbers will be expiring at the end of the year.  More than 2 million ITINs are set to expire at the end of 2018. If your ITIN has not been used on a US tax return at least once […]

The Internal Revenue Service announced on 16 January 2018 that they strongly encourage taxpayers who are behind on their taxes to pay the amount owed or enter into a payment agreement with the IRS if the amount owed is more than $50,000 to avoid putting their US passport into jeopardy. The Fixing America’s Surface Transportation […]

US taxpayers who have an Individual Taxpayer Identification Number (ITIN) should check to see if their numbers will be expiring at the end of the year and if an ITIN renewal is required. If an ITIN has not been used on a US tax return at least once in the last three consecutive tax years or an […]

IRS Tax Year 2018 Changes The Internal Revenue Service has announced the annual inflation adjustments for a number of tax-related provisions for 2018, and this includes the latest tax rate schedules and tax tables. Below are the numbers for the tax year 2018. Standard Deduction The standard deduction for married filing jointly rises to $13,000 […]

Americans who have non-US dollar mortgages may not realise that there may be US tax consequences when they change mortgage providers, change the terms of their mortgage or make capital repayment on their mortgages.  The IRS views such transactions as a taxable event for US tax purposes and may result in a taxable foreign exchange […]

The IRS recently announced changes to the Individual Taxpayer Identification Number (ITIN) procedures. If your ITINs have not been used on a US tax return at least once in the last three consecutive tax years or your ITIN’s has the middle digits 78 and 79 it expired on 31 December 2016. If the middle digits […]