Protax specializes in individual international US income tax compliance & consulting for US expats & US foreign nationals living or working around the world.
New York, NY
Joined January 2010
- Tweets1.6K
- Following686
- Followers227
- Likes981
The IRS reminds us in IR-2026-104 individuals, businesses, and tax professionals to make or update emergency plans, safeguard key documents, and know where to find IRS disaster relief resources. bit.ly/4kvI7Jd
IRS IR-2026-114- IRS announces it is replacing the IRS2Go App and introducing a new IRS Mobile App giving taxpayers more digital tools to access account services from their mobile devices bit.ly/4yDnEpo
IRS IR-2026-120- IRS announces it has joined forces with the UK’s HMRC in partnership to identify and fight global tax evasion and strengthen cross border compliance. bit.ly/4hHB66u
In IRS Tax Tip 2026-46 the IRS reminds taxpayers of the different types of business structures they can choose when setting up a new business, the type of tax year and the business Employer Identification Number (EIN). bit.ly/4wenfbV
IRS Tax Tip 2025-62 does an excellent job explaining the differences between a IRA Traditional and ROTH Options for the 2026 tax year, including information regarding SEP IRA’s, and Simple IRA’s. bit.ly/4yWXRK2
The IRS takes the gloves off in Tax Tip 2026-21 explaining the Education Tax Credits, namely the American Opportunity Credit (AOTC) and Lifetime Learning Credit (LLC) and Student Loan Interest deductibility. bit.ly/4fYx1J1
Campaign 896, which the IRS created to investigate compliance with the Foreign Account Tax Compliance Act (FATCA) resulted in the IRS identifying hundreds of taxpayers who failed to report significant foreign bank account deposits, but those efforts... bit.ly/4yYLdKx
As is usual this time of the year the IRS advises the tax practitioner community and taxpayers of the upcoming 2027 H.S.A. Contribution limits for the upcoming 2027 (done in 2028) tax year for an individual with self-only coverage will be $4,500 and... bit.ly/4gqE3bl
The IRS reminds us through Tax Tip 2026-45 of Hobby Loss deductibility restrictions, please keep these in mind when preparing your US income taxes!! bit.ly/4vTPU6p
The IRS using IR-2026-55 reminds taxpayers and their employers that under IRC Sec 127 an employer may provide an employee tax free educational assistance up to $5,250.00 for tax years 2025 and 2025 adjusted for the COL in subsequent tax tears. These... bit.ly/43pkmci
The IRS using Tax Tip 2026-42 reminds homeowners of tax deductions as related to their State and Local real estate payments and the Home mortgage interest deduction, within the allowable set limits as per the OBBBA of 2025. However, to obtain these... bit.ly/4uZVJif
IRS reminds us in IR-2026-44 Tax Tip 2024-30 that to avoid late payment penalties and related interest, there is still time to file their federal income tax return electronically and request direct deposit for any refund due. That individuals who... bit.ly/4uoNX14
The IRS updates taxpayers in IR 2026-43 that with two weeks left in the traditional tax filing season to April 15, the Internal Revenue Service continues to deliver excellent service to taxpayers during the 2026 filing season with the rise in tax... bit.ly/4wbM0qe
The IRS reminds taxpayers in Tax Tip 2026-26 that taxpayers are generally required to report all earned income on their tax return, including income earned from part time and full time side work, whether or not the income is reported on an IRS tax form... bit.ly/4etzpbs
In IRS IR-2026-37 the IRS reminds taxpayers that April 15, 2023 is the last date to request as refund as related to the 2022 US tax year, where currently more than 1.2 billion in tax refunds lie on the table!!! bit.ly/4v4RJNY
The IRS reminds us with the issuance of IR-2025-92 that with the OBBBA Act set to take effect Jan 1, 2025 new starting Jan 1, 2025 is the availability for taxpayers to Avoid US income tax on Tip and Overtime income on certain listed occupations... bit.ly/4rKJ9kG
The IRS reminds us with the issuance of IR-2025-114 that with the OBBBA Act set to take effect Jan 1, 2025 new starting Jan 1, 2025 is the availability for taxpayers to Avoid US income tax on Tip income on certain listed occupations only for the... bit.ly/4lAii9t
Starting for the 2026 tax season for 2025 US income tax returns the IRS will offer first-time abatements (FTAs) to taxpayers who file their return late, provided they meet certain criteria, including having no unreversed penalties in the preceding... bit.ly/4rxcYWy
The IRS explains in Tax Tip 2025-71 to parents of adopted children in 2025 that that finalized an adoption in 2025 or started the adoption process before 2025 the new more affordable Adoption Tax Credit options for international, domestic, private and... bit.ly/47bQ9zo
The IRS announces with IR-2025-128 for the 2026 tax season with respect to the 2025 US income tax returns the standard mileage rates for business, medical, moving and charitable purposes. bit.ly/4rk12qV
