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SECURE Act 2.0: What it Means for The Future of Your Retirement Savings

SECURE Act 2.0: What it Means for The Future of Your Retirement Savings

by Corie DuChateau | Nov 13, 2023 | Tax Updates

Are you concerned about your financial future after retirement? You are not alone.  Most Americans feel ill-prepared financially for life after work and steady paychecks. With strict rules about building and accessing retirement funds such as IRAs, the government...
Proposed Changes to the Dutch 30% Ruling

Proposed Changes to the Dutch 30% Ruling

by Corie DuChateau | Nov 6, 2023 | Expat, Tax Updates

On October 26, 2023, the Dutch House of Representatives passed an amendment to reduce the 30% Ruling, which is a very popular and highly advantageous tax advantage for migrant workers in the Netherlands.  If you are on the 30% Ruling or know anyone who is,...
IRS advances innovative Direct File project for 2024 tax season; free IRS-run pilot option projected to be available for eligible taxpayers in 13 states

IRS advances innovative Direct File project for 2024 tax season; free IRS-run pilot option projected to be available for eligible taxpayers in 13 states

by Corie DuChateau | Oct 19, 2023 | Tax Updates

The IRS is running a pilot of its new “Direct File” project, which allows qualified taxpayers to file directly with the IRS, in several states in the 2024 filing season. This exciting project, started under the Inflation Reduction Act, will streamline the...
Inflation Reduction Act 1-year report card: IRS delivers dramatically improved 2023 filing season service, modernizes technology, pursues high-income individuals evading taxes

Inflation Reduction Act 1-year report card: IRS delivers dramatically improved 2023 filing season service, modernizes technology, pursues high-income individuals evading taxes

by Corie DuChateau | Sep 12, 2023 | Tax Updates

The IRS has made a lot of improvements in the last year. Below is the IRS press release about their improved systems and processes. From irs.govOriginal article...
IRS statement on California mailing of balance due notices

IRS statement on California mailing of balance due notices

by Corie DuChateau | Jun 23, 2023 | Tax Updates

BNC Tax would like to share the following notification from the IRS, which is of interest to California taxpayers. From IRS.gov: June 7, 2023 The IRS reassures California taxpayers that they continue to have an automatic extension until later this year to file and pay...
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