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Tuesday Tax Tip: 3rd Quarter Estimated Tax Due Soon

Third Quarter Estimated tax payment due Monday Sept 16.

Can you believe major tax reform is in its second year?  As taxpayers are seeing its full effect on 2018 returns, the IRS reminds people who pay estimated tax that their third quarter payment for 2019 is due Monday September 16. 

Thanks, IRS.

On a brighter note, last week, the Internal Revenue Service announced new procedures enabling Ex-patriates who relinquished their U.S. citizenship to come into compliance with their US tax obligations.  Eligible individuals can receive relief for back taxes. There are some restrictions.  This program does not apply to those who have a net worth of over $2 million.  Only those who non-willfully failed to comply are being offered this track to get right with their U.S. obligations.  If you are not sure whether you fit, check with a professional accountant or come to us at https://www.expatriottaxes.com/