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Tax Breaks Expiring In 2013

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…taxpayers who have been utilizing these tax breaks expiring in 2013 may want to prepare for the possibility of these tax breaks not being available for the year 2014, and…

6 Tax Audit Mistakes and How to Avoid Them

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…audit rates are significantly higher for U.S. expats (that live and work abroad). While there’s comfort in knowing that you’re less likely to be audited, it pays to prioritize and…

What Happens If You’re Tax Noncompliant

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…when your tax return and actual financial status don’t add up, you might be tagged as tax non-compliant. What is Tax Noncompliance? When it comes to what non-compliance means, there…

How to Claim Foreign Tax Credit in 4 Ways

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…income of you and your spouse, your portion of the combined income will determine the amount of foreign tax you can claim. For example, if 40% of the combined income…

Deduction Estimate (When Can It Be Used)–Cohan Rule

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…a compromise, rather than a full allowance of the approximated expenses. In short, taxpayers may use deduction estimates when they can show that there is some factual foundation on which…