Oct 22, 2022 | Personal U.S. expat taxes, Renouncing U.S. Citizenship
Hello. My name is Olivier Wagner. I have been preparing tax returns for American living overseas since 2012 and have a lot of experience with those who want to renounce U.S. citizenship. Today I will discuss the process of renouncing U.S. citizenship in Canada. I have... 
Oct 12, 2022 | Personal U.S. expat taxes, Renouncing U.S. Citizenship
Welcome, welcome!!! I’m Olivier Wagner, and today I’ll discuss five myths surrounding renouncing U.S. citizenship. Those were urban legends that oftentimes come with some old truth that might no longer apply, and I’ll discuss that in this video. Make sure to pay... 
Oct 7, 2022 | Personal U.S. expat taxes
Good morning, I am Olivier Wagner. I have been operating 1040 Abroad since 2012. I’m an enrolled agent and a New Hampshire CPA. Today, I will discuss Canadian financial products, which are RESPs and TFSAs. While these financial products are tax-free in Canada, they... 
Sep 28, 2022 | Personal U.S. expat taxes
Are you worried about paying inheritance/estate/gift tax in the United States and your country of residence? In this guide, we’ll discuss what the inheritance tax is when it’s taxable and what tax obligation you might have in relation to inheriting an... 
Sep 5, 2022 | Personal U.S. expat taxes
The Biden administration is granting the IRS an extra $80 billion under the newly passed Inflation Reduction Act I have seen some of my competitors use it to fuel their fear tactics like the example below and I must address it. You see, the IRS will hire 87,000 new... 
Aug 31, 2022 | Personal U.S. expat taxes
Good afternoon this is Olivier Wagner with 1040 Abroad here to discuss the basics of a recent notice that was published by the internal revenue service to help taxpayers who have received penalties or have not yet filed certain tax forms regarding tax year 2019 and... 
Aug 26, 2022 | Personal U.S. expat taxes
The IRS announced that it would automatically waive specific penalties for failure to file (late filing penalty) for tax returns and informational forms for 2019 and 2020 (Notice 2022-36). The IRS will determine whether a taxpayer is eligible and will automatically... 
Aug 26, 2022 | Personal U.S. expat taxes
This fall, many Americans may receive additional refunds from the IRS. Such refunds would be issued if they previously had a late filing penalty for 2019 & 2020. Notice 2022-36 abates the penalties for a list of forms; the list is on the notice; you will also find... 
Aug 24, 2022 | Personal U.S. expat taxes
Today, the IRS issued Notice 2022-36, which will abate the late filing penalties for many tax returns and forms as they relate to tax years 2019 & 2020. Notice 2022-36 provides a relief for individual tax returns for 2019 and 2020. The IRS will fully waive late... 
Aug 11, 2022 | Personal U.S. expat taxes
Form W-8 BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)) is a document certifying that an individual who is not a U.S. citizen or resident alien is entitled to certain benefits under the Internal...