Big News from the IRS for Those Abroad Who Are Behind on US Tax Returns

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good_newsSeriously Good News from the IRS – New “Penalty-Free” Program for Delinquent Expats

We have an important announcement.

IRS has just announced a new Amnesty Program. The old, 2012 program, was popular, but had a number of strict entry criteria. It offered great terms – but only for those who qualified.

As the program proved a success, the IRS is expanding it and also doing away with a number of penalties.

If you are living abroad and are behind on your U.S. taxes
== > This new program is for you.

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Most Important Changes

1. You are no longer required to have been living abroad since 2009.

This requirement has now been eliminated. You can apply simply by filing tax returns for the last three years.

2. Less paperwork ==> less risk.

The “risk assessment” concept and the $1,500 maximum US tax liability requirements under the Original Streamline Procedure have been eliminated.

This is very important. If you were afraid to file because you were afraid of being denied entry into the streamlined program due to being high risk – this is no longer an issue.

3. No Penalties.

Eligible taxpayers who comply with the procedures will not be subject to

    • Failure-to-File penalties
    • Failure-to-Pay penalties
    • Accuracy-Related penalties
    • Information return penalties
    • FBAR penalties

unless the returns are selected for audit and IRS finds that tax noncompliance was fraudulent or that the FBAR violation was willful.

4. Ability to transition from the OVDP.

A taxpayer eligible for treatment under the streamlined procedures who submits, or has submitted, a voluntary disclosure letter under the OVDP (or any predecessor offshore voluntary disclosure program) prior to July 1, 2014, but who does not yet have a fully executed OVDP closing agreement, may request treatment under the applicable penalty terms available under the streamlined procedures.

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Contact Us To Get Started

If you are behind on your U.S. tax returns or FBARs – the new program offers a terrific opportunity to come clean and start fresh without paying penalties.

At TFX we’ve helped hundreds of Americans join the 2012 Amnesty Program and are considered one of the top experts in the world on it. We’d be happy to help you join the new program and stop worrying about the potential liability of living with unfiled U.S. tax returns.

For full details, please see: Official IRS Announcement.

About Us

TFX is a women-owned and operated tax preparation firm.

We specialize in helping Americans all over the world file their U.S. tax returns. With over 20 years of experience and clients in over 135 countries, we are an ideal partner for your expat tax needs.

Contact Details

Taxes for Expats

105 East 34th St.
New York, NY 10016
www.taxesforexpats.com
questions@taxesforexpats.com

Tel: +1-646-EXPAT-US

 Copyright 2014 Taxes for Expats, All rights reserved.

Top 10 reasons why summer vacation isn’t all it’s cracked up to be for an international school teacher

One of the best things about being an international school teacher is that we have the ability to travel, sometimes much more than if we were teaching in our home country.  *Some items in this list are meant to be “tongue-in-cheek” and making fun of our “first world people problems” that we sometimes experience while traveling around the world. Of course we love this ability to travel and appreciate every minute of it!

1164604500_170359d4f7_z1. It makes you tired, if you travel a lot.

Traveling around everywhere does have its downside.  The downside is definitely all the waiting you do both on the plane and in airports.  One international school community member just recently commented that they had three layovers to get back to their host country!  Many layovers also means that you most likely are on long-haul flights as well. You can get used to 12-14 hour flights like some international school teachers have, but they still take a toll on your body.  It is unlikely that you are immune to the all-powerful jet-lag.

2. If you stay in one place, you get bored.

Some international school teachers come up with an elaborate and intensive travel itinerary for their summer vacation (let’s say…6 different countries in 6 six weeks!), but others like to just go to one place for the majority of their vacation time.  Maybe they go to their home country for the whole summer or to some popular beach-side city in a nearby country for a sizable chunk of their time off.  Many teaching couples have small children and that of course can affect your travel plans for the summer; sometimes making them less intensive. Even if it is your thing, getting time to really veg-out and relax (if you just stay in one place), it is bound to start getting a bit stale and routine for you.  It is possible these people are actually enjoying their time in one place (read: not boring), but these teachers are also the ones that say to the other teachers (who are traveling around much more) how jealous they are of their travel plans!

DSC_01513. If you are surrounded by tourists, especially ones from your home country, its annoying.

It is possibly the worst thing, to find yourself surrounded by tourists from your home country, when you are on vacation.  We all roll our eyes and let out a silent gasp at them as they are usually “so loud” and “obnoxious” as they are walking around annoying you and the locals. Yes, yes, those tourists are probably thinking the same about you, but we all know we are better than them. (wink!)

4. You get on a crazy time schedule of staying up late and waking up late, not good for going back to school

It happens every summer vacation: you stay up until sometime past midnight and then wake up well after the “normal” time to eat some breakfast…almost every day! Having a crazy timetable for your summer days also takes a toll on your internal body clock.  Changes to your body clock can affect your digestion, well-being, health, etc. It can also create some sleep problems for you, and “Ain’t nobody got time for that.”

5. Crappy free wifi in your hotels and restaurants

After a long day of traveling in a country where you don’t have data access on your mobile (making you anxious because of the tariffs that your roaming provider would charge you), you just want quick access to the internet almost immediately after you get into your hotel room.  However, your goal for this almost always fails as hotel and hostel wifi access is often very unreliable.  If you have you a smart IT professional also traveling with you, sure they can do some magic (unbeknownst to the hotel owners) to make it work better for you, but most of us don’t have the knowledge to do anything…which can leave you feeling frustrated and helpless.  No wifi = angry traveler.

6. You lose track of what day it is

You get so lost in your day-to-day adventures during the summer, and you always start forgetting what day of the week it is. It is both good and bad not knowing what day it actually is.  Good because you aren’t stressed about going to work on Monday through Friday and you can just be free to do whatever you want any day of the week.  Not knowing the day of the week may be bad though too because you most likely still have a schedule of things you need to do or cities/countries to travel to next, and if you don’t have the right date and time straight in your head…then bad luck might start occurring for you (meaning an unwanted change in your plans, an extra fee/charge to pay for, miss meeting a special friend that you haven’t seen in a year, etc.)

7. You are with your family too much, after 1 day (hour for some people) with your mom can bring you too high anxiety levels.

Yes we all love our moms, but we don’t all love it when they are overseeing our every move again. Moms get over-obsessed with our presence when we return for a visit and sometimes revert back to how she acted when you were a teenager. It is nice when they do your laundry and cook you food while you are back, and you try your best to show a high appreciation for that. You go out to dinner with her and take her out shopping, good times. It is important to spend time with your mom and other family members, but you still need some alone time when you are visiting back home because you are also “on your vacation” and need time to yourself to veg and relax.

2014-06-27 13.42.248. You miss the food there in your home country too much

One of the favorite things to do as an international school teacher is to go back to your home country and buy and eat all the food that is your favorite and also not available in your host country.  Is this yearning for home country goods enough to make you move back? Unlikely.  So to solve this “dilemma”, international teachers crazily buy things (sometimes too many things) to bring back to our host country.  The worry of an overweight checked bag is always on our minds during summer vacation back home. It usually works our just fine in the end (just at or under 50 lbs), because no one wants to pay an overweight baggage fee (usually crazily over-priced) on their flight back to their host country for things that they “don’t really need”.

9. You end up spending too much money because you are going out to eat a lot and not all meals you get are worth it

When traveling, the biggest dilemma you have is where you are going to eat next in a city you don’t know at all. Even if you use websites like Foursquare and Tripadvisor for recommendations, you always end up eating at a “dud” restaurant. Paying more money for a meal too, doesn’t equal better eating experience and better taste.  Wasting your traveling-money away on bad restaurant is not the best scenario that your were hoping for in your summer holiday to a city that you were excited to go visit.  You don’t want to be worrying about wasting money either during a time when you should be relaxed and enjoying your break from work and exploring the world.

10. You have to go through all your photos and edit them before posting them to social media.

There are a few people who just post their traveling photos straight from their smart phone, that’s easy. Some of us though have an SLR camera and take a lot of photos while traveling around the world. We have blogs to write on, various social media websites to post on, family members to write emails to with attached pictures, etc.  That is a lot to worry about and think about when you are on summer vacation.  Good advice: it is better to edit and post your photos in small batches so you don’t get so overwhelmed with your 100s of photos to go through and edit.

This article was submitted by a guest author and member of International School Community.

Please comment and share your reason why summer vacation isn’t all it is cracked up to be!

We have a Travel Information section on our school profile pages. Our 4600+ members have submitted over 400 comments in this section; sharing their knowledge about traveling around while working at the schools they either work at now or have worked at in the past.  Check out some of our latest comments here.

The Journey to School: The Bermuda High School for Girls (Hamilton, Bermuda)

The journey to work is indeed an important one.  The journey though is not so clear for international school teachers, when looking for jobs at schools and cities/countries to which they have never been.  So let’s share what we know!

One of our members, who works at the The Bermuda High School for Girls (Hamilton, Bermuda) described her way to work as follows:

2014-06-20 10.09.12 2014-06-20 10.09.06

Streams of cars full of parents and students + family pets roar by as I take the daily two-minute walk to school along the road.  The majority of roads in Bermuda don’t have footpaths…therefore Bermudian drivers have become accustomed to avoiding pedestrians.  I can feel the humidity levels are rising throughout the month of June, and my already dripping wet hair will take an hour-long usual to dry.  A number of students call out to me from their car window, and they are calling out to me saying “Hi, Miss!”  It is customary in Bermuda to always greet people no matter how many times you have seen and greeted them that day.  I respond by reciprocating the gesture.

As I approach the school crossing, the space between the wall and the cars narrow to the point that the cars are brushing against my own hip.  Mr. Smith, the school-crossing guard, holds out his hand to stop the already snail-paced traffic into the school, allowing me to cross and enter the school grounds.  Of course, I exchange greetings with him as well and he normally teases me about what I’m wearing (like if I’m wearing pink).  I have now entered the school ground and I am safe from the cars. I am now protected by a hand railing on the sidewalk that I am now using.  At this point I can withdraw from the greeting ceremony and look up BBC news on my phone.  A number of fathers are walking towards me in the other direction, having just dropped of their primary-aged children off at school.  They are dressed in a manner that is typical of the finance industry here, which is the Bermuda shorts and long socks and a long-sleeved shirt tucked into their shorts.

There is another little crossing to make and I again hold up traffic to cross and get to the main building.  As I am crossing the road I hear “Miss, Miss!” from a window two stories up.  A number of year 7s are hanging out the window, arms waving madly as if they have not seen you for two weeks.  I climb the steps and I’m officially in the building.

2014-06-20 11.05.01 2014-06-20 10.09.36

 

Currently, we have 36 international schools listed in Taiwan on our website.  18 of them have had comments submitted on them by our members. Check out which ones here by using our school search feature and ticking the box ‘schools with comments’.

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So what is your journey to the international school you work at?  Earn 6 free months of premium membership to our website if you participate in this blog series – ‘The Journey to School’.  Email us here if you are interested.