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Posts by tag

IRS

9 posts
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  • Finance

Tax Horror Stories—the IRS Creeps Up on Senior Citizen Living in Canada

The United States government is absolutely brutal when it comes to taxing expats living in different countries. With the imposition of laws like FATCA and the sheer amount of tax…
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  • Your Escape Plan

Foreign Earned Income Exclusion 2018

The Foreign Earned Income Exclusion 2018 is $104,100. This is a nice increase, up from $102,100 in 2017. If you’re living and working abroad, the Foreign Earned Income Exclusion is…
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  • Your Escape Plan

Living abroad? Expats should not call the IRS for help!

Living abroad? Expats should not call the IRS for help! The US tax season can be a stressful time for us American expats. There are a myriad of forms to…
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  • Your Escape Plan

The IRS is Investigating all US Bitcoin Transactions

The IRS is investigating all US bitcoin transactions. If you’ve been conducting business using a U.S. bitcoin account, your transactions are not private. All U.S. based bitcoin accounts are subject…
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  • Your Escape Plan

Expat Tax Debt Mistakes

As an expat, the IRS has tremendous leverage over you. If you owe more than $50,000, the U.S. government can revoke your passport. You also have the risk of an…
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  • Your Escape Plan

The IRS Can Take Your Retirement Account

The IRS Can Take Your Retirement Account Many Americans think their retirement accounts are safe from creditors and from the US government. These people are wrong, very wrong. The IRS…
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  • Your Escape Plan

IRS Collection Appeals Program (IRS CAP)

If you are unable to resolve your tax debt with the Revenue Agent or his manager, then you can proceed to the IRS Collection Appeals Program or IRS CAP.  You…
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  • Your Escape Plan

IRS Installment Agreement

If you have a tax debt and can’t afford to pay in full, then you can set up an IRS installment agreement.  The IRS installment agreement allows you to pay…
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  • Your Escape Plan

Who’s Afraid of the IRS

The service is the most aggressive and hostile collection agency in the world, and they work hard to cultivate that image.  IRS criminal investigations are on the rise and big…
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