IRS Provides Reporting and Penalty Relief for US Individuals with Tax- Favoured Foreign Trusts

Trusts & Estates | Ladidas Lumpkins | Oct 19, 2020

Amidst the worldwide COVID-19 crisis, many US citizens who have worked abroad and paid into pension trusts may have missed a significant change made by the US Internal Revenue Service (IRS) on 02 March 2020. page (10-11 on the pdf) https://press.ggi.com/tep/06/

2021-08-20T10:56:30-04:00
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The employee retention tax credit (ERC) was enacted as part of the CARES Act and allows for a refundable tax credit against the employer’s share of Social Security employment taxes. This credit may allow for significant tax refund opportunities for eligible taxpayers.

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