Issue Number: Tax Tip 2021-95 It’s important for all taxpayers to know their rights in case they need to work with the agency on a tax matter. The Taxpayer Bill of Rights, lists, and defines 10 fundamental rights of every taxpayer. Included on that list is the Right to Quality Service: Taxpayers have the right […]

Disclaimer: The following “Taxation of Americans Living Abroad” material is for general information, not legal advice. Zaher Fallahi, Tax Attorney, Certified Public Accountant (CPA), is a Tax Controversy Attorney, CPA, and represents taxpayers, including Americans living abroad with the IRS Audit, Offer-In-Compromise, Cryptocurrency Tax, Offshore Accounts and Foreign Gifts. Consultation is available via toll free […]

Source: Washington Post By Sylvie Corbet | AP July 5, 2021|Updated July 5, 2021 at 11:33 a.m. EDT PARIS — French President Emmanuel Macron, German Chancellor Angela Merkel and Chinese President Xi Jinping agreed there is “a window of opportunity” now for talks aimed at reviving the 2015 Iran nuclear deal, the French presidency said. The three leaders, who […]

Happy 4th of July 2021 Everyone.

Source: IRS WASHINGTON – The Internal Revenue Service today continued its “Dirty Dozen” tax scams with a warning for people to watch out for predators using tax-related schemes ranging from fake charities to scams targeting seniors and immigrants. The IRS continues to see a group of ruses by dishonest people who trick others into doing […]

Source: IRS Although most taxpayers successfully filed their 2020 returns and received their refunds, a historically high number did not. At the conclusion of the 2020 filing season, the IRS faced a backlog of over 35 million individual and business income tax returns that require manual processing – meaning that employee involvement is generally needed […]

Taxation of Persian Americans Living in Iran            If you are a U.S. green card holder or a U.S. citizen (a US person under the Internal Revenue Code 7701(b)) and live in Iran, you are taxed on your worldwide income regardless of where you earned it. Additionally, you are subject to U.S. international tax laws, […]

Source: VIENNA (AP). June 15, 2021. A top European diplomat said Tuesday he believes international negotiations with Iran will ultimately succeed in re-imposing limits on its nuclear program but indicated that more time may be needed. Enrique Mora, who is coordinating the talks in Vienna, said progress had been made on overcoming key obstacles at […]

By Damon Rowe, IRS Office of Fraud Enforcement, CL-21-18, June 17, 2021 In my role overseeing the IRS Office of Fraud Enforcement and having spent my early career in IRS Criminal Investigation, I’ve seen firsthand that criminals can be exceptionally good at playing on our emotions to lure us into a scam. It’s easy for […]

IR-2021-124, June 7, 2021 WASHINGTON — The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting in July. The expanded and newly-advanceable Child Tax Credit was authorized by the American […]