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As American actress Meghan Markle prepares to wed Britain's Prince Harry, most people will not focus on the tax problems complex U.S. tax laws inevitably seem to bring. Early in their engagement, Buckingham Palace announced that Markle will become a British citizen after marriage. Unless she renounces her American citizenship, she must continue to file U.S. tax returns, plus FBARs, every year, reporting her worldwide income, and disclosing her assets. Even if the couple try to keep their assets separate, disclosing assets may be a particular worry. WINDSOR, ENGLAND - MAY 03: Souvenirs featuring Britain's Prince Harry and his fiance US actress Meghan Markle are displayed in a gift shop on May 3, 2018 in Windsor, England.
For the first time in five years, the number of Americans who renounced their citizenship fell slightly in 2017 (5,133) from the previous year (5,411), which had been a record. The total for the first quarter of 2018 was 1,099. The 2015 total was 58% more than in 2014. The reasons for renouncing can be family, tax and legal complications, and some renouncers write why they gave up their U.S. citizenship. Expats have long clamored for tax relief. One law motivating some is FATCA, the Foreign Account Tax Compliance Act. FATCA has been ramped up worldwide, and requiring an annual Form 8938 filing if your foreign assets meet a threshold.
The Sage Group plc (LSE:SGE) is trading with a trailing P/E of 28.7x, which is lower than the industry average of 32.3x. While this makes SGE appear like a greatRead More...
Dividend-paying companies such as Foot Locker and H&R Block can diversify your portfolio cash flow by paying constant and large dividends. These stocks are a safe bet to increase yourRead More...
At first it appeared that Michael Cohen had paid off Stormy Daniels with his own money, and without President Trump's knowledge. Then, Rudy Giuliani said President Trump had reimbursed him. There were some awkward questions about whether President Trump knew of the deal at the time, or only learned of it later.
President Trump's lawyer Michael Cohen is in hot water after his home and office were searched. Mr. Cohen says he will take the Fifth. If you have serious tax issues, can you take the Fifth on your taxes? In Lee v. United States, Theodore Lee argued that he couldn't file his 2006 tax return because it would incriminate him. After all, he claimed, when his tax return was due, he was deep in an audit with the IRS over returns he had filed for 1999 through 2005.
Mid-caps stocks, like The Sage Group plc (LSE:SGE) with a market capitalization of UK£6.85B, aren’t the focus of most investors who prefer to direct their investments towards either large-cap orRead More...
The gains in digital tax returns are of tantamount importance to H&R Block, since it's where rival Turbo Tax controls about 60 percent of the market, compared to about 9 percent for H&R Block.
Attorney client privilege matters when in comes to your taxes, and how you get and keep it turns out to be tricky.
The Sage Group plc (LSE:SGE), a software company based in United Kingdom, received a lot of attention from a substantial price movement on the LSE over the last few months,Read More...
The page was operational again as of 5:05 p.m. ET on April 17 — Tax Day — after being unavailable for most of the day.
The IRS will give last-minute filers additional time to file their tax returns after the page for paying their tax bills using their bank accounts crashed, Treasury Secretary Steven Mnuchin said, according to the Associated Press.
H&R Block Inc. (NYSE: HRB) hired Vinoo Vijay as its new chief marketing officer, filling a position that has been vacant since January when the company parted ways with Kathy Collins.
In an unscheduled statement, the company said it now expected organic revenue growth for the year to end-September to be about 7 percent, lower than its previous forecast of about 8 percent rise for the year to September. Sage's shares, which were down almost 12 percent at 0930 GMT, were on track for their biggest intraday percentage fall in around 25 years and were the biggest drag on the UK blue chip index. Sage's small-business customer base in Britain has been hit by economic uncertainty as the UK negotiates the terms of its exit from the European Union in a year's time.
The London benchmark stock index drops on Friday, yanked lower by declines for Sage Group PLC and Rolls-Royce Holdings PLC after both companies spooked investors with downbeat news.
Sage Group Plc fell by the most in over 24 years Friday, after the U.K.’s largest software company posted a surprise warning that sales had failed to hit expectations.