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.

Form 14653

Form 14653-Certification For Streamlined Foreign Offshore Procedures

July 12, 2016 - Randall Brody

Under the streamlined foreign offshore procedure, taxpayers must certify that their conduct relating to the failure to file FBARs (FinCen Form 114) and disclosing foreign accounts was not willful on Form 14653 – Certification by U.S. Person Residing Outside of the United States for Streamlined Foreign Offshore Procedures. Form 14653 – Certification by U.S. Person … Continue reading Form 14653-Certification For Streamlined Foreign Offshore Procedures

Foreign Housing Exclusion

Foreign Housing Exclusion

July 6, 2016 - Randall Brody

Foreign Housing Exclusion And The Foreign Earned Income Exclusion The foreign housing exclusion complements the foreign earned income exclusion that is reported on the Form 2555 and can increase your available exclusion amount. This is an additional exclusion for your housing costs if your tax home is in a foreign country and you qualify for … Continue reading Foreign Housing Exclusion

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