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Getting Started On Your Tax Return
…are due Tuesday, April 15 this year. It is very common to think, “Getting started on your return? I don’t need to get started on my return because I have…
Worry About Foreign Mortgage Interest Deduction? See Helpful Info
…As a taxpayer, you have the option to choose between the standard or itemized deduction. Generally, you will choose whichever amount is higher. Frequently, the foreign mortgage interest is enough…
Subpart F Income and the Controlled Foreign Corporation
…Company Income We will focus on the second category, foreign base company income, as it is the category most often applicable to foreign companies. Foreign base company income includes: (1)…
Here’s How the IRS Actually Finds Out If You Are Tax Compliant
…compliance process and how this affects you as a taxpayer. What is the Tax Compliance Process? The Tax Compliance process can be categorized into compliance checks and examinations. A compliance…
FBAR Deadline – Know How To Avoid Harsh Penalties
…assistance. We want to make the preparation and filing of your returns as easy and painless as possible. Our professional approach and commitment will help you stay in compliance with…
I’ve paid tuition to a foreign educational institution. Are these expenses eligible for a deduction or credit?
…and other related expense for an eligible student that are required for enrollment or attendance at an eligible educational institution. An eligible educational institution is a school offering higher education…
Why Filing Taxes Is So Complicated—Especially for U.S. Expats
…taxes can be complex. Let’s look at some of the reasons why filing taxes are so complicated for them. Reason #1: Heavy-handed regulations aim to prevent tax evasion and loopholes….
5 Tax Policy Trends in Latin America You Need To Know Now
…middle of the spectrum. Meanwhile, Caribbean countries record the highest tax-to-GDP ratio average at 24.9%. Tax revenues come from taxes on goods and services (49.7%), corporate and individual taxes (27.3%),…
Expert Tax Samaritan’s CEO Is Actually A Devoted NTPI Fellow
…the client and IRS perspective. While earning the EA license denotes competence and the right to represent taxpayers, Fellows have made the commitment to a higher level of knowledge and…
Military Spouse Tax Filing Challenges: Answers to FAQs
…discuss the most frequently asked questions about filing taxes as a military spouse. Q: Which filing status should I, as a military spouse, choose? The choice of filing status as…