Tax Newsletter 2018-11 - August 2018 No Images? Click here Summer Tax Newsas "summer days driftin' away"Holidays, vacations, beaches, parks, festivities, sunshine, heat ... are slowly "driftin' away" as summer comes to its closing days. As the year end start approaching, it is time to get review our annual chores and items completed on our check-lists. One of these could be the filing of our tax returns to Uncle Sam...no? October 15 is the definite due date for the 2017 tax calendar year to file our tax returns and FBARs. Have you completed this task? Did you file an extension back in April or June this year? Well, there's less than a couple of months until our due date and time to not procrastinate any longer and gather up those documents and send them over and get one big task off that check-list! Meanwhile, it is also time to look ahead for the tax calendar year of 2018. This is an important tax filing year considering all the changes due to the tax reform in 2017 with the passage of the Tax Cuts and Jobs Act (TCJA) by the U.S. Congress. Our newsletters have highlighted several issues during this year. Do you have questions? Concerns? Issues? Write to us and let us know what you want to see in the last newsletters of 2018. Enjoy the rest of summer ! Expats can possibly convert Traditional IRA to Roth tax-free!!Since the passage of FATCA in 2010, Americans have run into roadblocks against foreign banks in establishing retirement accounts. Americans living abroad can continue to contribute to their retirement in U.S. based accounts into IRA accounts. However..... read further... Mark your calendar... Expats Financial Forum in BrusselsWhat: US Expats Financial Forum When: September 26th 2018 Where: ING Bruxelles Marnix, 24 Rue Marnix, 1000 Brussels, Belgium As part of the Expat Information Fair organized by ING, Sponsored by the American Club of Brussels, join us to meet a panel of experts in US Social Security, financial planning, US taxes and Expats banking and insurance. Contact us for free admission! Tax in the News ... news links for stories that may be of interest...30 million people are not withholding enough for taxes. How to tell if you’re one of them
How part-time work in retirement can affect Social Security taxes and Medicare costs
The IRS is cracking down on this small business tax break.
Do this now to avoid a tax surprise next spring
IRS Warns Taxpayers To Remain On Alert For Charitable Scams During Hurricane SeasonCurrently, the National Hurricane Center is issuing advisories in the Atlantic Ocean for Subtropical Storm Debby and in the Pacific Ocean for Tropical Storm Kristy and Hurricanes Hector and John. It’s been mostly quiet on the U.S. coasts, but according to the National Oceanic and Atmospheric Administration (NOAA), the U.S. averages one to two hurricane landfalls each season. We’re roughly halfway through hurricane season, which runs from June 1 to November 30. However, read the full article here about the IRS warnings.....
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Highlights of Tax Cuts and Jobs Act of 2017
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