For the past 8 months, this question has been the most often-asked question of the team at Wolf Group Capital Advisors. Bob Len, WGCA Managing Director, shares his thoughts on the matter. http://bit.ly/ 3bRRM7V
If the IRS believes you owe money, they send you a series of increasingly urgent tax notices. Sometimes, these notices come as a surprise—or arrive after the IRS’s due date to respond. Here’s what each notice means and how seriously to take it. http://bit.ly/ 3dNstqu
Last week, Texas was hit by severe winter storms, resulting in financial losses. If FEMA and insurance don’t cover the losses, Texas residents may be able to deduct them on their 2020 or 2021 tax returns. Find out how. Plus, Texans get extra time to file their 2020 tax returns. http://bit.ly/ 2ZMNZDp
The IRS is targeting high-income individuals who are delinquent in filing their US tax returns. Unfortunately, the IRS’s methods for identifying non-filers have also created headaches for G-4 visa holders.https://bit.ly/ 2VTKdGx
Whenever major tax law changes are passed without bipartisan support (as was the case in 2017), then those changes risk being overturned each time a new political party comes to power. President-elect Biden’s tax proposals include both tax increases and tax breaks. What do they mean for you?https://bit.ly/ 2VNjhIa
Many taxpayers are facing cashflow challenges amid the COVID-19 epidemic. To assist taxpayers who owe taxes and are… https://t.co/1YIwlrohzQ
Nonresidents who own US rental properties frequently make mistakes in reporting their rental income and expenses to… https://t.co/SKvOVAm7Wv
IRS taxation of foreign pensions is tricky. Even though your pensions and retirement accounts enjoy tax-favored sta… https://t.co/VDcUXCGQCY
For decades, G-4 visa holders and other nonresidents have had to jump through hoops to avoid excessive tax withhold… https://t.co/xsLBpFDkV4
During COVID-19 shutdowns, the IRS accumulated a massive backlog of mail. It has affected the processing of tax pay… https://t.co/Cwgn5K5FC4