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…
IRS grants waivers of tax underpayment penalties for more than 400,000 taxpayers. . . In the middle of August, the IRS announced it would automatically waive the tax underpayment penalty for more than 400,000 taxpayers who have already submitted their…
The $10,000 SALT Limit and the Rental Real Estate Under the recently enacted Tax Cuts and Jobs Act, State And Local Tax (SALT) deductions are limited to $10,000. How does this affect the individual taxpayer? QUESTION: Are SALT payments…
