Tax Newsletter - October 2019

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Mir Taxes LLC to serve your US tax needs!

October 2019 Tax Newsletter

Fall arrives in Paris as we approach the end of another year... and the start of another tax season! 

 
 
 

Two more days ......

October 15 is only two more days to file your tax returns. If you are abroad, you can request an additional request to December 16 but a letter must be sent to the Internal Revenue before the date. FBARs are due on October 15 without availability of a further extension. However, if you file after November 14, you will end up mailing the multiple pages of the tax return via the postal system. The IRS cuts off electronic filing on November 14. 

Contact us if you have any questions or need assistance. 

Meanwhile, enjoy another Tax Newsletter with varying international tax news for your information. Let us know if you have any questions. We are sending again the links on various scams this month because it is a growing issue for Americans living in the United States or abroad. Be aware so you do not become a victim. 

Finally, thank you for all of those attending the events that Mir Taxes was participating as a presenter or exhibitor. Thank you for the folks in Brussels in attending the American Financial Forum 2019 co-hosted by ING Bank and the American Club of Brussels. Thank you for those in Paris attending the "Bloom where you're planted" hosted by the American Church of Paris.  See you all at future events! 

 

Remaining deadlines for 2019

November 14 - last day to e-file your tax return for this year until next February.

December 16 - absolutely last day for U.S. Persons residing abroad to file taxes. But a letter must be sent to the IRS to request this extension. 

 
 
 
 

Click on the headlines for the link to read these warnings.

Beware of SCAMS and FRAUDS !

Beware: Fake IRS Letters Are Making The Rounds This Summer

‘Never, ever use a debit card,’ warns fraud expert and ex-con artist—here’s what to do instead

Growing wave of Social Security imposters overtakes IRS scam

 
 

International Tax Newslinks

 

United States:  IRS Finalizes Real Estate Safe Harbor For 20% QBI Deduction

United States: Agencies To Raise Appraisal Threshold For Residential Real Estate Transactions

United States: Airbnb Tax Comes To Massachusetts

Europe: Recent Changes in Top Personal Income Tax Rates in Europe

United States: IRS grants relief for U.S. persons who own stock in certain foreign corporations

United States: I owed the IRS after making this tax mistake in college

United States: Is it better to file your taxes jointly or separately?

United States: Taxpayer Bill of Rights

 

Mexico: Mexico tax reform would deny deductibility of payments to preferred tax regimes

EU: EU's General Court annuls EC State aid decision in Starbucks

Global: International Tax Competitiveness Index 2019

Belgium: EU Commission to investigate 39 excess profit exemption tax rulings in Belgium

 

2 million ITINs set to expire in 2019

Taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) can get their ITINs renewed more quickly and avoid refund delays next year by submitting their renewal application soon.

An ITIN is a tax ID number used by taxpayers who don’t qualify to get a Social Security number. Any ITIN with middle digits 83, 84, 85, 86 or 87 will expire at the end of this year. In addition, any ITIN not used on a tax return in the past three years will expire.

The Internal Revenue Service encourages anyone affected to file a complete renewal application, Form W-7, Application for IRS Individual Taxpayer Identification Number, as soon as possible.

 

Convert currency & save money!

Convert your currency wisely, efficiently, and economically by reading about MoneyCorp and open your free account today!

Open free MoneyCorp account
 
 

"Do I have to file?"

Wondering if you are required to file because your income is too low? There are changes for 2018 tax year so you could possibly do not have to file taxes to Uncle Sam this year.  Click here for thresholds from 2014 to 2018.

 
 
 

Tax Information Website

Reminder to check the website for additional information and news concerning tax issues that may concern you. Click for tax links.

 
 

Baseball playoffs and World Series soon here! Enjoy!

Is your favorite team in the playoffs and possibly heading to the Series? 

 
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Rue de la Presse 4
1000 Brussels BELGIUM 

www.mirtaxes.com
Europe: +32 (0)494 27 97 63
US: (919) 960-1499
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