At the peak of a busy US tax season, we have received many queries about the third round of stimulus payments by the IRS. Many of our clients want to know whether or not they should await the third round of stimulus payments before lodging their 2020 return.
Living in a different country as an expat or a foreign citizen may get stressful when you are supposed to meet certain obligations. It may look easy at the start, but may get complex if you don’t keep a track of the ongoing regulations. For example: maintaining your ‘Individual Taxpayer Identification Number’ (ITIN).
Now that 2020 has passed, it is time to start thinking about your US income tax return. In this blog we bring you up to speed with the latest changes from the IRS regarding the 2020 tax year. If you have any questions, get in touch with our US tax team today!
Taxably is a value-driven firm supporting organisations and professionals with business in Australia, UK, Netherlands, Ireland, US and Canada. The firm is based in Melbourne and has a global network of professional partners.
Some of our practitioners may be based in other countries due to covid restrictions or temporary work assignments.
Taxably and its network partners are appropriately certified to provide accounting, tax and business advisory services in their respective jurisdictions.