US Tax Inherited IRAs and the SECURE Act of 2019 [cases_details] At the end of 2019, the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) was signed into law, modifying required minimum distribution (RMD) rules for inherited IRAs and retirement accounts. Under the SECURE Act, inherited IRAs and retirement accounts must be distributed…

US Tax Streamlined Procedure – The IRS Amnesty Program [cases_details] The penalty free program for overseas Americans delinquent on their tax returns. The Streamlined Procedure is an IRS amnesty program that allows expats who are non-willfully behind with their US tax filing to catch up without facing any penalties. If you have not filed your…

US Tax Real Estate Enterprise: How to Qualify for a Section 199a Deduction [cases_details] At the end of 2019, the IRS issued updated guidance on a new rental real estate safe harbour rule which allows certain rental real estate to be considered an “enterprise” eligible for a Section 199a deduction. What is Section 199a deduction? …