Global Feed

Yelena Blinovskaya and Alexei Blinovsky in happier times shared on her Instagram account. I'm confident that the hubby loves me. But does he love me enough to head off to war? I don't ever want to find out that answer for many reasons, including the "what the what?" follow-up questions it would raise. But that startling scenario just played out in Russia. And yes, it involves taxes. Influencer tax evasion charges: Yelena Blinovskaya, a self-help coach and Instagram influencer, was arrested at the Russian-Belarus border in April 2023 for allegedly trying to flee her native country to avoid paying a... Read more →


Today's post on the second half of the 2024 Internal Revenue Service's Dirty Dozen tax scams looks at a wide range of schemes and potential victims. Tax pros are targets, as are high income earners in schemes 7 through 12. Together with the Dirty Dozen's first six scams posted last week, there's a scam for almost all of us taxpayers. Take notice and don't become a Dirty Dozen victim. Last Friday, I shared the first six of the Internal Revenue Service's annual Dirty Dozen list. As promised, this post wraps up schemes, cons, and scams 7 through 12. This compilation... Read more →


Natural disasters aren't the only catastrophes that affect taxes. Manmade tragedies also are taken into consideration. The Internal Revenue Service today reminded taxpayers affected by terrorist attacks by Hamas on Israel that began on Oct. 7, 2023, that they have until Oct. 7, 2024, to file various federal returns, make tax payments, and take care of other time-sensitive tax-related responsibilities. Who qualifies? The IRS notes that the tax relief is available to any individual whose principal residence is in Israel, the West Bank, or Gaza. The tax relief also extends to any business entity or sole proprietor with a principal... Read more →


Updated Thursday, April 4, 2024 via GIPHY Tax Day is less than two weeks away, but some aren't sweating the April 15 filing deadline. They have more time to complete their tax paperwork and, in some cases, may any associated payments. Here's a look at the special situations where taxpayers have more time to file their federal tax returns. International, including military, taxpayers: When it comes to individual taxes, the tax code doesn't care where you live. If you're a U.S. citizen or resident alien, including those with dual citizenship, you must pay tax to Uncle Sam even if you're... Read more →


Photo by Nareeta Martin on Unsplash Moving to another country for a job involves a lot of changes, but one thing stays the same. Thanks to our worldwide tax system for individuals, as a U.S. citizen you remain a U.S. taxpayer, regardless of where you live. That makes you responsible for filing federal tax returns on your overseas earnings. Uncle Sam, however, does provide some tax breaks to his citizens living and working abroad. They get more time to file, with a June 15 deadline. And thanks to tax treaties, globally peripatetic taxpayers also get certain foreign earned income exclusions... Read more →


The 2024 tax filing season has started. Sorta. Eight tax software companies now are available to eligible Free File taxpayers. Some business returns can be e-filed starting Tuesday, Jan. 16. On Monday, Jan. 29, the Internal Revenue Service officially begins processing all 2023 tax returns. While this filing season is expected to be relatively smooth, some taxpayers typically encounter problems. And every year, the National Taxpayer Advocate (NTA) details the most annoying tax complications that we, and the IRS, face. 10 most serious taxpayers problems: Those concerns are included in NTA Erin M. Collins' 2023 Annual Report to Congress, released... Read more →


There's so much to see in Florence, but visitors will have to stay in hotels. This year, the popular Italian destination ended short-term residential rentals. (Photo via Wikipedia Commons) U.S. property owners are well aware that when their homes are regularly used as short-term rentals, taxes are involved. Now that financial factor is gaining more traction abroad. The short-term rental platform Airbnb agreed last week to pay 576 million euros ($628 million as of today's conversion rate) to settle a years-long dispute with Italy over unpaid rental taxes. That's less than the around 779 million euros ($849 million) in taxes... Read more →


Photo by Grant Durr on Unsplash 🌟 Billions of dollars in fraud. 🌟 Victims across the globe. 🌟 🌟 Criminals who are all about personal gain. 🌟 No, that's not the opening voiceover in a trailer for a new Netflix true crime series, although I'd watch it if it were. It's from IRS Criminal Investigation Chief Jim Lee's comments on his unit's top 10 cases of 2023. Those three opening elements, said Lee, are the crux of CI's biggest busts last year. "When I say our team at CI is the best at following the money trail, I mean it,"... Read more →


Special agents with the Internal Revenue Service Criminal Investigation have an impressive conviction rate on their case. (Photo by Unsplash+ in collaboration with Getty Images) Fiscal 2023 was a good year for the Internal Revenue Service Criminal Investigation division. The law enforcement unit initiated more than 2,676 criminal investigations, identified $37.1 billion from tax and financial crimes, and obtained an 88.4 percent conviction rate on prosecuted cases. Those figures were part of IRS CI's Fiscal Year 23 Annual Report released this week. They were attained by following the money, which is a key technique of the only federal law enforcement... Read more →


Photo courtesy COP28 web page Around 70,000 participants are expected in Dubai, United Arab Emirates (UAE), over the next couple of weeks to discuss how to limit and prepare for future climate change. They're attending the 28th annual United Nations (UN) Conference of the Parties, known as COP28. The parties part of COP are the countries that signed the original UN climate agreement in 1992. And their current gathering comes at the end of a year of worldwide extreme weather events and a plethora of broken climate records. While climate change and human contributions to it are being acknowledged by... Read more →


Unsplash+ in collaboration with Getty Images As we have become more globally interconnected, worldwide tragedies affect more of us. We have family and friends scattered across the globe. We want to support and help them, especially in troubled times. But those connections can have a dark side. Crooks take advantage of our goodwill. Fraudsters tout fake charities to worldwide victims, seeking to divert much needed help into their own malicious pockets. After disasters, the Internal Revenue Service regularly reminds taxpayers to be alert for such cons. Fake charity scams also are, sadly, a perennial on the IRS' annual Dirty Dozen... Read more →


Photo by Kyle Glenn on Unsplash This Thanksgiving week is a big travel week for millions of Americans. Most people are heading to friends' and/or relatives' where they'll share a Turkey Day spread. Others are using the time for other, non-holiday recreational pursuits. By this time next week, they'll be back home. In most cases, they'll return to homes are in the United States. However, thousands of U.S. citizens have relocated internationally. Despite the location distances, those Americans abroad share something with domestic residents other than celebrating a traditional U.S. holiday. They still owe U.S. taxes on their income, regardless... Read more →


Things can get even more complicated if you're donating to international relief efforts and plan to claim your gift as a tax deduction. World Central Kitchen (WCK) workers are among the first in areas in need of relief, like here delivering meals with the help of nonprofit partners in Beit Shemesh, Israel. WCK staff also are already on their way to Acapulco, Mexico, where Hurricane Otis made landfall as a powerful Category 5 early today. (Photo credit: World Central Kitchen/WCK.org) Sometimes, like today, it seems as if the whole world is totally out of control. In the past few weeks,... Read more →


Mega yachts in Portofino, Italy, a favorite harbor of the rich. (Photo by Ricardo Gomez Angel on Unsplash) The Internal Revenue Service announced last week that it had collected $160 million in back taxes from wealthy taxpayers. But that's just a pittance of what tax collectors globally could get if an international tax on billionaires is enacted, according to a European tax policy research group. The super-rich typically use complex business structures to avoid taxes, notes the European Union (EU) Tax Observatory, an independent research laboratory hosted at the Paris School of Economics. That leads to most of us in... Read more →


The rich and famous frequent Monaco's glamorous casinos. The European principality also was the base for a U.S. taxpayer who didn't report all his taxable income to the IRS. The lesson, for him and an unconnected counterpart in the prime U.S. gambling destination of Nevada, is that the house — in this case, Uncle Sam's tax agency — usually wins. (Photo by Kaja Sariwating on Unsplash) Many people liken dealing with the U.S. tax code to wagering. You try to follow the casino rules and common sense, but the temptation to push your luck is often too enticing. Sometimes those... Read more →


A field of tulips in Keukenhof, Lisse, Netherlands. (Photo: Unsplash+ in collaboration with Zdeněk Macháček) Tax season, at least the filing part for most of us, ended this week with the arrival on Oct. 16 of the extension deadline. That means that many of us in the tax world are thinking of taking a bit of a break. One place to consider is Amsterdam. The Netherlands capital has always been a popular tourist destination. Yes, I'm starting with the city's more-lax laws in connection with mood altering substances and, shall we say, personal interactions. For the less daring tourist, the... Read more →


Updated Tuesday, October 17, 2023 The Internal Revenue Service's surprise announcement came on what was Tax Day for millions of Golden State taxpayers who earlier got additional federal filing time due to major disasters. State officials have followed suit, extending California's due date, too. In addition, the IRS last week gave U.S. taxpayers living in Israel almost a year to take care of a variety of current tax obligations. Storms across California earlier this year produced widespread flooding and other disastrous conditions. That prompted federal relief, including extended tax deadlines. Today, the IRS gave Golden State taxpayers another month to... Read more →


Photo by Christine Roy on Unsplash If you're planning to squeeze in an end-of-summer vacation, budget a bit more for added taxes. The tax costs are being felt primarily by international travelers. U.S. travelers, no longer so concerned about COVID-19, have embraced delayed European trips. Residents of the destinations are, for the most part, happy for the added income. However, in particularly popular disembarkation sites, the sightseers are contributing to local infrastructure stress. Those visitors, say locals, should contribute to the area's upkeep and repairs. So tourist taxes have been instituted or increased this year in visitor-favored destinations such as... Read more →


The bridge connecting El Paso, Texas, and Juárez, Mexico, is one of several international exchange points expecting increased traffic this weekend as Mexican shoppers visit to take advantage of Lone Star State tax holiday savings. (Photo by Nils Huenerfuerst on Unsplash) The final five summer sales tax holidays are upon us, with Texas kicking things off this weekend. And it's going to be an international affair. U.S. Customs and Border Protection (CBP) officials expect a higher volume of crossings into the Lone Star State starting tomorrow, Friday, Aug. 11. That's the first day of Texas' three-day back-to-school tax holiday. If... Read more →


Flags of member nations at the United Nations office in Geneva, Switzerland. (Photo by Photo by Peda Run on Unsplash) Here in the United States, the Internal Revenue Service has gotten a lot of attention for its efforts to fight tax evasion. Earlier this month, the IRS reported that it IRS had collected $38 million from more than 175 high-income tax delinquents. That money was the result of a new initiative made possible from $80 billion new Inflation Reduction Act funds, although Republicans clawed back $1.4 billion of that money (and more to come in future years) in the debt... Read more →