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U.S. Tax Cuts and Jobs Act Brings Changes: What That Means for Expats

March 25th, 2018

Posted By

Joseph R. Viola

President Donald Trump made tax reform a part of his campaign. He promised to simplify the U.S. tax code and reduce tax burdens, particularly on corporations and small businesses. On December 22, 2017, after months of intense debate in Congress, Trum… Read More

Categories: Tax Cuts and Jobs Act, Tax Deductions, Tax Exemptions

Tax FAQ & Info

I obtained copies of my Account Transcripts using the IRS "Get Transcripts" program, and I see the notations "Substitute tax return prepared by IRS" and "Tax return filed." Does that mean the IRS filed my tax return for me? Can they do that?

If you fail to file a federal income tax return and the IRS has income information from other sources, such as W-2s and 1099s, the IRS may prepare a "bare bones" tax return as a basis for making a tax assessment against you, with penalties and interest, of course. The Substitute For Return ("SFR") allows only the standard deduction, one exemption, and single or married-filing-separately filing…

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U.S. Tax Cuts and Jobs Act Brings Changes: What That Means for Expats

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