Williams & Parsons Resources

Helpful information, financial tips and updates

Our Financial Blog

Read our periodic blog below to stay up to date on ever-changing tax rules and IRS regulations. We also enjoy passing on financial advice and tips, market data and more. Please be our guest and read on below!

29
Aug

Congress to U.S. Citizens: Pay Your Income Tax or Forfeit Your Passport

Congress to U.S. Citizens: Pay Your Income Tax or Forfeit Your Passport A common question from the EXPAT community is what happens if I do not pay my US Taxes? Well for the first time, in addition to facing various IRS actions, a US Citizen could lose their US Passport and their ability to travel...
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18
May

IRS Simplifies Entering the New Streamlined Filing Program

IRS Simplifies Entering the New Streamlined Filing Program We get new clients every week who have been living outside the US and are not filing their U.S. Income Tax Returns as required. Up until the Fall of 2012 we did not have much good news to tell these people. But in the Fall of 2012...
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17
May

5 Money Moves to Make In September

September is a month that marks many endings and many beginnings. Summer ends as the warm weather starts to fade away. Kids are heading back to school to meet new teachers and prepare for a new year. From a financial perspective, September is also a great time for a quick reboot of your financial mind-set....
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16
May

5 Ways to Improve your Financial Health

The Term “personal finance” refers to how you manage your money and how you plan for your future. All of your financial decisions and activities have an effect on your financial health now and in the future. We are often guided by specific rules of thumb – such as “don’t buy a house that costs...
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15
May

Streamlined Disclosure Program Won’t Continue Indefinitely

Streamlined Disclosure Program Won’t Continue Indefinitely A streamlined version of the Offshore Voluntary Disclosure Program, designed to bring taxpayers with unreported assets overseas into tax compliance, will end after the IRS determines there’s no way a taxpayer who wanted to participate couldn’t have heard about the process, Commissioner John Koskinen said. “At some point, we...
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