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COVID-19 and Foreign Earned Income Exclusion

Many US taxpayers residing overseas make use of the Foreign Earned Income Exclusion (FEIE) when filing their US tax returns. To claim these exclusion the US tax payer must have met one of two ...

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Tax Day is now July 15

The Treasury Department and Internal Revenue Service have announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

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Accidental Americans - Are UK Banks next?!

US persons holding bank accounts outside of the US are ordinarily required to disclose such bank/financial accounts to the Department of treasury on an annual basis. This reporting requirement ...

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