Tax Updates
Find below the latest articles on all items related to your (expat) taxes. Enjoy reading!
How to Deposit US Paper Checks While Living Abroad
Life as an expat can be adventurous, exciting, and a dream come true for many of us. But along with the adventure of living in an exotic foreign country, there are times you wish things happened the way they did back home. This is particularly true when it comes...
Treasury Steps Up Efforts to Prosecute Non-Compliant Foreign Bank Account Holders
All U.S. citizens are required to file an annual FBAR for all qualifying foreign bank and financial accounts Many Americans living overseas are required to file a Foreign Bank Account Report (FBAR). The FBAR is filed separately from your tax return with the Department...
As IRS Backlog Continues, Be Patient With Your Tax Preparer This Season
The IRS is still dealing with an enormous backlog left over from Covid shutdowns. This is causing long phone hold times for taxpayers who call the IRS with questions, as well as tax preparers who call the IRS on behalf of their clients. The IRS in Crisis The IRS...
These 10 Tax Changes Could Impact the Size of Your 2021 Tax Refund
Here’s what to know if you received child tax credit payments, collected unemployment, or had student loans forgiven in 2021. Every year there's a long list of tax changes that can affect the bottom line of your tax return and, it’s no surprise, that last year was...
Additional REsources
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Job Posting: US Expat Tax Preparer (EA, CPA) – Full Time
US Expat Tax Preparer (EA, CPA) - Full Time Location: Remote Employment status: US-based employee, Netherlands based employee, or contract work anywhere BNC Tax is a close-knit community of Enrolled Agents and CPAs preparing taxes for Americans living all over the...
PayPal Will Report Goods and Services Transactions Totaling $600 or More to the IRS In 2022
As part of the 2021 American Rescue Plan, which went into effect on Jan. 1, 2022, the threshold for reporting income on IRS Form 1099-K has been lowered to $600. IRS Form 1099-K is used to report goods and services payments received by a business or individual. ...
U.S. Passport Renewal in Puerto Vallarta
If you need to renew your U.S. passport while you are in Puerto Vallarta, you can do it at the U.S. Consulate in Nuevo Vallarta. Below is the contact information for the consulate and the process for renewing your passport. This information was updated on March...
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The Netherlands
Keizersgracht 62, 1015 CS Amsterdam
+31 20 520 6815
Mexico
Amapas 124, Col. Emiliano Zapata, Puerto Vallarta, Jal. 48380
+52 (322) 223-5862
U.S.A.
225 Cabrillo Hwy S. Suite D, Half Moon Bay, CA 94019
+1 (650) 209-6662
Email us at info@bnctax.com
Partners
Dutch tax filings: Orange Tax Services
Mexican tax filings: Equilibrium