Continued efforts by the IRS to get what’s due
The IRS is employing every tool it can to find taxpayers with outstanding tax liabilities, abroad as well as in the US. One governmental report researched a sample of American citizens employed in a foreign country and resident aliens who who are subject to US income tax but who may have improperly claimed exemptions.
The results of this particular report highlight the number of those in the sample who were not compliant, specifically with respect to tax on US Social Security payments and Medicare taxes. From those numbers the IRS has estimated that when projected to a larger sample, millions of dollars would be due from incorrect tax reporting.
Reports such as these are giving the IRS some indication of where its future efforts could lie in recouping any monies due to them. These efforts will only increase as part of their battle against taxpayers’ non-compliance.
We can help you to become compliant. Contact us if you have any questions.