Americans Working Overseas: New IRS Compliance Campaign

New IRS Compliance Campaign for Americans Working Overseas: Expatriation

The Large Business and International Division (LB&I) of the IRS recently announced the addition of six compliance campaigns. Throughout the years, compliance campaigns have come and gone, but the new campaigns are targeting Americans working overseas specifically. The IRS hasn’t given explicit information on how it expects to carry out these campaigns, but expats still […]

IRS Compliance Campaigns: Post OVDP

New IRS Compliance Campaign: Post OVDP Compliance

The IRS’ six new compliance campaigns aim to crack down on noncompliance for American taxpayers – specifically expats. One of the latest campaigns will be seeking out those who are noncompliant in the aftermath of the termination of the OVDP (Offshore Voluntary Disclosure Program). What Was the OVDP? The OVDP was an amnesty program offered […]

Expats and Taxes: IRS Compliance Campaigns

The IRS’ New Compliance Campaigns Target Expats and Taxes

The Large Business and International Division (LB&I) of the IRS announced that they are adding six new compliance campaigns, and these are targeting expats and taxes specifically. Though not a lot of information is known about how the IRS plans to conduct these campaigns, expats will want to take a look at our summary below […]

National Taxpayer Advocate Midyear Objectives Report

National Taxpayer Advocate Midyear Objectives Report to Congress

The Office of the National Taxpayer Advocate, an independent organization within the IRS that works to safeguard taxpayer rights, submits semiannual reports to Congress, and the 2019 National Taxpayer Advocate Midyear Objectives Report to Congress is now available. This is one piece of news you don’t want to skip because, historically, the National Taxpayer Advocate […]

Everything to Know About Streamlined Filing to Catch Up on Taxes

Everything You Need to Know About Streamlined Filing

When moving abroad, it’s often easy to get caught up in the new and exciting. Expats pick up their lives and migrate around the world, in some cases never intending to reside stateside again. To embrace the “new” of their expatriate adventure, US citizens may overlook their “old” responsibilities, be completely unaware that these still […]

Expat News Update: IRS Announces New Voluntary Disclosure Program

This past September, the IRS terminated the Offshore Voluntary Disclosure Program, stating that the program had fulfilled its potential, having been open for a decade (although revised periodically) and being used by over 56,000 taxpayers. However, the IRS just announced that they are initiating a new iteration of the program with modified rules. Find out […]

Offshore Voluntary Disclosure Program Ends

The Offshore Voluntary Disclosure Program Ends Sept 28th: Five Things Expats Need to Know

The IRS announced in March that they would close the Offshore Voluntary Disclosure Program (OVDP) this week. Amnesty programs like the OVDP affect expats specifically since so many expats are unaware of their obligation to file. What should expats know in advance of this deadline? Read on for the details. The Offshore Voluntary Disclosure Program […]

OVDP Closure and US Tax Returns

The OVDP is Closing Soon: Potential Ramifications for Expats Behind on US Tax Returns

We’re a week away from the OVDP (Offshore Voluntary Disclosure Program) closure, September 28th, 2018. If you’re a taxpayer who isn’t up to date on your US tax returns, there’s no better time than now to talk to a tax practitioner about getting into compliance. The consequences expats face for noncompliance are no laughing matter, […]