If your foreign retirement accounts meet new “safe harbor” eligibility requirements, then you may be able to lower your taxes, reduce your annual tax filings, and obtain refunds of past penalties. thewolfgroup.com/blog/do-your-f…

If you’ve been hit with big penalties for problems filing Forms 3520 and 3520-A to report your foreign pensions, retirement accounts, or trusts, you may now be able to get your penalties refunded or abated under a new IRS procedure. thewolfgroup.com/blog/new-irs-g…

Thinking about renouncing your US citizenship and want to understand the tax implications? Register for our latest webinar. We will cover the important considerations you must make before undertaking this decision. us02web.zoom.us/webinar/regist…

The Supreme Court will hear another case on the ACA in November. If ACA is repealed, taxpayers may claim refunds of taxes on investment income. thewolfgroup.com/blog/the-impac…

During COVID-19 shutdowns, the IRS accumulated a massive backlog of mail. It has affected the processing of tax payments, refunds, applications, and correspondence for millions of taxpayers. And the fallout continues. bit.ly/30s3Bgm

For decades, G-4 visa holders and other nonresidents have had to jump through hoops to avoid excessive tax withholdings on the sale of their US homes. Then COVID-19 hit, and time-sensitive applications to reduce tax withholdings piled up in IRS mailrooms. bit.ly/2GkNdYp

IRS taxation of foreign pensions is tricky. Even though your pensions and retirement accounts enjoy tax-favored status abroad, that may not be the case in the US. Click here to register for this 1-hour webinar: us02web.zoom.us/webinar/regist…

Nonresidents who own US rental properties frequently make mistakes in reporting their rental income and expenses to the IRS. Check out the four most common mistakes that the IRS will likely pursue in its recently announced audits. bit.ly/2Fut8yi

Many taxpayers are facing cashflow challenges amid the COVID-19 epidemic. To assist taxpayers who owe taxes and are struggling to pay the full amount all at once, the IRS announced new, easier payment plans to pay off tax debts. bit.ly/3g0qg9Y

Whenever tax law changes are passed without bipartisan support (as was the case in 2017), those changes risk being overturned each time a new political party comes to power. What do President-elect Biden’s proposed tax changes mean for you? bit.ly/2VNjhIa

The IRS is targeting high-income individuals who are delinquent in filing their US tax returns. Unfortunately, the IRS’s methods for identifying non-filers have also created headaches for G-4 visa holders. bit.ly/2VTKdGx

Last week, Texas was hit by severe storms, resulting in financial losses. If FEMA and insurance don’t cover the losses, Texas residents may be able to deduct them on their 2020 or 2021 tax returns. Plus, they get extra time to file their taxes this year. bit.ly/2ZMNZDp

If the IRS believes you owe money, they send you a series of increasingly urgent tax notices. Sometimes, these notices come as a surprise—or arrive after the IRS’s due date to respond. Here’s what each notice means and how seriously to take it. bit.ly/3dNstqu

For the past 8 months, this question has been the most-often-asked question of the team at Wolf Group Capital Advisors. Bob Len, WGCA Managing Director, shares his thoughts on the matter. bit.ly/3bRRM7V

October 10 is World Mental Health Day. Mental health affects all of us, including our employees, our clients, and our loved ones. We have reason to hope that care is getting easier to obtain. Learn about recent developments and the resources available. bit.ly/3imZV8s

As of mid-2021, if you called the IRS, your chances of getting through to a live person were only about 7%. Learn why and find out how you can get IRS help faster during these challenging times. bit.ly/3m85zhj

The US has become a top destination for foreigners seeking to evade tax in their home countries. It is now one of the most secretive tax havens in the world. But all that is about to change. bit.ly/3C8YSBN

The US is piercing the veil of secrecy of foreign ownership in US companies. A new form requires US LLCs, US businesses, and foreign companies operating in the US to reveal who truly owns or controls them. Failure to do so carries $10,000 penalties. bit.ly/35Hl0Hb

Hoping to receive your Sch. K-1 by April 18? That’s a tall order this year. Check out our FAQs to understand why K-1s are delayed and what the delay may mean for you. bit.ly/3IcUkfc

As of June 7, US companies and individuals will be prohibited from providing services to anyone located within the Russian Federation, including US citizens living in Russia. bit.ly/3zbumb3