The Unexpected Notification: Facing an IRS Audit in 2025 It begins with a seemingly innocuous envelope bearing the seal of the Internal Revenue Service (IRS. Inside is a letter that could change the trajectory of one’s financial year—a notification of audit. This is a moment often punctuated by a mix of confusion, concern, and for […]
Introduction: Exploring Citizenship Dilemmas in Modern America Citizenship has become a cornerstone of personal identity and societal engagement, particularly in a nation as diverse and complex as the United States. For centuries, the concept of American citizenship has defined what it means to belong, offering individuals certain rights, protections, and opportunities while also imposing responsibilities.
Will This Black American Woman Be Forced To Renounce US Citizenship? Read More »
Introduction to FATCA: Overview and Key Objectives The Foreign Account Tax Compliance Act (FATCA) is a U.S. federal law aimed at combating tax evasion by U.S. persons holding financial assets abroad. Enacted as part of the Hiring Incentives to Restore Employment (HIRE) Act in 2010, FATCA introduced comprehensive requirements for foreign financial institutions (FFIs) and
FATCA 2021 Updates: Expats, Renunciation, Recap of call with Rep. Carolyn Maloney Read More »
Introduction to the IRS Section 965 Wealth Tax The IRS Section 965 tax provision, introduced as part of the Tax Cuts and Jobs Act (TCJA) of 2017, represents a pivotal shift in the taxation of income accumulated by foreign corporations. Commonly referred to as the “transition tax” or associated with terminology like wealth tax in
Introduction to IRS Press Release Analysis Series The “IRS Press Release Analysis Series” is designed to provide readers with a detailed examination of key updates, announcements, and advisories issued by the Internal Revenue Service (IRS). Each installment in this series delves into specific press releases to unpack the implications, explore the context, and evaluate the
Introduction: A Peculiar Tax Landscape The United States boasts a tax system renowned for its complexity and depth, intricately tied to its federal, state, and local structures. However, this conventional framework takes an extraordinary twist when extended to its territories. Amidst the collection of territories governed by U.S. law, each holds a distinct tax structure,
Introduction: Understanding the 2025 IRS Layoffs The 2025 IRS layoffs have garnered significant attention, raising questions about how these reductions will shape the agency’s operations and affect taxpayers. Scheduled as part of restructuring efforts tied to fiscal constraints and modernizing operations, the Internal Revenue Service is expected to downsize its workforce significantly. This decision follows
How Will the 2025 IRS Layoffs Will Impact You. The Good, The Bad & The Ugly Read More »
Introduction: Understanding Expatriation and the Government’s Role Expatriation refers to the voluntary act of renouncing one’s citizenship or choosing to relocate permanently to another country to establish residence elsewhere. For individuals who expatriate, the decision is influenced by a broad range of personal, professional, and financial factors. These can include seeking a lower cost of
Why Does the US Government Doxx People Who Expatriate? Read More »
Introduction to Form 5471: Why It Matters and Who Needs It Form 5471 is a critical document required by the Internal Revenue Service (IRS) for certain U.S. taxpayers with connections to foreign corporations. It serves as an information return, allowing the IRS to monitor and regulate the activities of U.S. citizens and residents who hold
Form 5471 Training Guide – Understand The Basics – With 2023 Updates Read More »
Introduction: The Controversy Surrounding Donald Trump and the IRS The Internal Revenue Service (IRS) has long served as one of the most visible and contentious arms of the United States federal government. Over the years, debates about its role, structure, and authority have been frequent, often polarizing policymakers and shaping the national conversation about taxes