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Things to Know about Tax Year 2015

 Tax Due Dates:

  • April 18, 2016 due for U.S. residents
  • April 19, 2016 for residents in Maine and Massachusetts
  • June 15, 2016 for U.S. citizens and legal-residents living overseas

Tangible Property Expensing Threshold Increase

Small businesses benefit in expensing tangible property up to $2,500 and not be audited by the IRS. The action is proactive to tax years prior to 2015.

Affordable Care Act

All Americans must declare having health insurance for the entire year or possibly be fined by the IRS. Expats must file Form 8965-Health Coverage Exemptions to declare their exemption. Expats are only exempted however if they pass the Bona-fide Residence or Physical Presence tests. All Americans residing in the U.S. must declare their coverage for the year or face penalties. Many will receive a Form 1095 (A, B, or C) depending on the kind of health coverage. Some purchasing health coverage through a healthcare government website may receive a credit, or a penalty. If this is confusing, it is and Mir Taxes will assist your concerns.

E-File Security Requirements

In order to provide additional security to taxpayers, e-file software may require additional identification, such as state driver’s license number and expiration information.

ABLE Savings Accounts

Beginning in 2015, states are allowed to create “Achieving a Better Life Experience” (ABLE) accounts for disability-related expenses. There is no federal taxation on these accounts.

PATH Act of 2015

The Protecting American from Tax Hikes Act of 2015 was passed by Congress to extend several tax breaks. These include child tax credit, American Opportunity Education tax credit, Earned Income Tax Credit, Educator credit, deduction of state and local general sales taxes, tax-free distributions of IRA plans for charity, and increase expensing limitations. An additional credit extended through 2019 is the bonus depreciation credit. Extensions of tax credits through 2016 include qualified tuition expenses credit, mortgage insurance premiums and credit for nonbusiness property.

Same Sex Marriage

All states must recognize marriages between two people of the same sex for tax filing. Same sex married couples can now file their tax returns for federal and states with a filing status of either married filing joint or married filing separately.


Contact Mir Taxes at


American Expat Financial Seminar - US Taxes

Thursday, March 3, 2016 - 6:30 PM 

Offices of Dunhill Financial – Av des Saisons 110 – Brussels (map)

Sponsored by Dunhill Financial and Mir Taxes
Doors open at 6:00 p.m.; seminar starts promptly at 6:30 p.m.

As Americans, all of us are required to file annual tax returns regardless where you live in the world. There will be a presentation by Carl Mir of Mir Enterprises who will discuss “US tax issues and the US expats”.

Complementary beverages will be served.

Please sign up at:


Carl Mir 

US Taxes, Consulting & Expat Financial Services

Mir Enterprises US, LLC


Mobile-Belgium: +32 0494 27 97 63

Business-Belgium: +32 (0)2 644 6625

Business-U.S.: +1 (919) 960-1499

Skype: Mir.Enterprises.US

Follow us at LinkedIn


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