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OVERSEAS U.S. CITIZENS AND GREEN CARD HOLDERS: NEW IRS ENFORCEMENT IN 2024 INCREASES TAX COMPLIANCE PRESSURE

Overseas U.S. Citizens and Green Card Holders: New IRS Enforcement in 2024 Increases Tax Compliance Pressure.

Ensuring Tax Compliance for U.S. Citizens and Green Card Holders Overseas As a U.S. citizen or green card holder living abroad, staying compliant with U.S. tax laws is crucial. With the IRS's renewed enforcement programs in 2024, high-income taxpayers with foreign financial interests face increased scrutiny. Learn how to navigate these complexities, avoid severe penalties, and stay informed about your obligations. Our expert team at Guillen Pujol CPAs specializes in resolving complex tax issues for clients worldwide, ensuring the best possible protection and results.
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President Biden signed the Inflation Reduction Act at the White House on Tuesday.

What you need to know about The Inflation Reduction Law.

After more than a year of fraught negotiations, President Joe Biden on Tuesday signed into law the Inflation Reduction Act, a long-awaited ambitous bill passed by the Democrats at the U.S. House and Senate. The historic bill will invest $370 billion in spending and tax credits in low-emission forms of energy to fight climate change, stable health care premiums for millions and significant savings on power bills for most Americans, Vox Senior Correspondent Ellen Loanes reported
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