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Archive by Month: November 2022

Important Considerations for 2022 End-of-Year Charitable Donations

Posted in News, Offshore Account Update on November 29, 2022

From Giving Tuesday (the first Tuesday after Thanksgiving) through New Year’s Eve, many U.S. taxpayers choose to make charitable donations at the end of the year. Whether they give in the holiday spirit or after evaluating their impending tax liability, taxpayers who choose to make charitable donations can achieve significant tax savings—provided that they select their charities and plan their gifts carefully.

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IRS Spotlights Income Tax Compliance for U.S. Service Members and Veterans

Posted in Offshore Account Update on November 18, 2022

Earlier this month, the Internal Revenue Service (IRS) published a Tax Tip focused specifically on income tax compliance for U.S. service members and veterans. The Tax Tip includes a list of resources that are specific to current and former members of the military and notes that “[r]eviewing these resources is a good way [for service members and veterans] to prepare for the upcoming tax filing season.” Read More

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