Are you yet to file your 2019 or 2020 tax returns, or did you already file them but late? Generally, the IRS imposes a late filing penalty on tax returns filed after the relevant deadline. This onerous penalty may add up…
As a result of substantial pressure by U.S. tax authorities on banks in the United Kingdom, many British citizens born in the United States are currently at risk of having their accounts in British banks frozen. The Brits involved are…
Taxpayers that have failed to file tax returns for some extended period of time should strongly consider doing so immediately. Even if taxpayers have filed for an extension, time is of the essence to avoid costly penalties as the IRS…