The 119th Congress has passed what’s been coined the “One Big Beautiful Bill Act” or OBBBA (more formally known as H.R. 1), enacting a sweeping set of reforms that reshape key elements of the U.S. tax system. While it carries broad implications across many sectors,...
It is halfway through February 2025 and the rumor mill when it comes to U.S. taxes is churning faster than ever this year. So we’re here to bust two of the biggest myths we’re hearing this tax season and discuss what is actually true. Myth #1: IRS e-filing...
Originally posted at https://www.irs.gov/newsroom/2024-tax-filing-season-set-for-january-29-irs-continues-to-make-improvements-to-help-taxpayers IR-2024-04, Jan. 8, 2024 WASHINGTON — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official...
BNC Tax founder Cindy DuChateau has been a U.S. tax preparer for Americans living abroad since 2009. In this video, Cindy is interviewed by Risa Morimoto from the YouTube channel Dream Retirement in Mexico, and she shares important tax information for 2024 that...
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...
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,...
