Obtaining a Copy of your Federal Tax Return

There are many occasions when you need a copy of your filed tax return, for example, when applying for a loan, or taking out a mortgage on a property. If the IRS make any inquiries you will also need this information to hand. If you cannot find the return in question, you can ask the IRS to send you a copy (or transcript) of the relevant information. Here’s how it works - 1) Transcripts … [Read more...]

A Warning to All Americans Living Abroad

There has been a new law enacted by the IRS that is putting a heavy burden on American’s living abroad. If you are an American living abroad, whether you are a citizen or a green card holder, you are to file your tax form on April 15, 2012. This new IRS ruling results from a FATCA law that also require you to use Form 8938,  where you will list down all your foreign stocks, … [Read more...]

Form 8865 – IRS Form for Foreign Partnership Ownership

If you are a US tax payer who owns 10% or more of a foreign flow through a Limited Liability Company (LLC) or a foreign partnership, you should file Form 8865 together with your Individual Income Tax Returns. Form 8865 will indicate the annual Balance Sheet and the Income and Expense Statements of the foreign partnership. This report will also show the details of the partnership including your … [Read more...]