Tax Article Blog

Tax Samaritan’s tax resources pages are the source for the information you need, from tax tips and relevant articles in our blog to tax tools, such as tracking your tax refund and to filing requirements. If you’re dealing with a new life event this year, like a new child, read on in this area to learn more about how this changes your tax situation.

Please feel free to contact your Tax Samaritan tax professional for answers to your specific tax situation.

2015 Form 8621

2015 Form 8621

June 20, 2016 - Randall Brody

2015 Form 8621 Changes There was only one change to the 2015 Form 8621 that helps reduce duplicative reporting. A new checkbox has been added to page 1 of the 2015 Form 8621 for taxpayers who also are required to file the Form 8938, Statement of Specified Foreign Financial Assets , and who satisfy their … Continue reading 2015 Form 8621

Delinquent International Information Return

Delinquent International Information Return – Tips On What To Do

May 25, 2016 - Randall Brody

Delinquent International Information Return Tips If you are like many Americans abroad facing the ugly spectre of a Delinquent International Information Return and the risk of penalties or worse and wondering what to do, here are a few of our tips to keep in mind. Tip #1: The Open-Ended Statute of Limitations for Taxpayers With … Continue reading Delinquent International Information Return – Tips On What To Do

1042-S

Form 1042-S And 30% Withholding Tax On Rental Income

May 16, 2016 - Randall Brody

Form 1042-S – US Source Income Subject To US Income Tax Withholding The US real estate market continues to be an attractive one for foreign investors, despite the fragile economy, the uncertainty that comes with the upcoming elections and despite the less than favorable regulatory environment heavily influenced by FIRPTA and the rest of the … Continue reading Form 1042-S And 30% Withholding Tax On Rental Income