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What Is A W-9? Urgent Insider Info You Need To Know
…even some insurance companies. These institutions have to report information to the IRS based on the Foreign Account Tax Compliance Act (FATCA). Designed to reduce tax evasion, the FATCA requires…
The Impact of Health Insurance on Your US Taxes for American Expats
…file your taxes. Failure to report changes might result in getting the advance payment of your premium tax credit wrong. If your actual annual income turns out to be higher…
Office Help Wanted Now!
…company was so that US taxpayers abroad would have the freedom and flexibility to obtain quality tax preparation and representation regardless of their location worldwide. OPPORTUNITY FOR GROWTH Be a…
Passive Foreign Investment Company | Practical Info You Need To Know
…Is A Passive Foreign Investment Company (PFIC)? Any foreign company that meets either the asset or income test is a passive foreign investment company. The asset test is met if…
How to Claim the Foreign Housing Exclusion for Expats
…housing costs. The IRS adjusts these limits annually, considering high-cost foreign locations. For example, Geneva, Switzerland, saw an increase of $9,100, while Tokyo, Japan, experienced a decrease of $3,900. TIP:…
16 Important Tax Deductions for Independent Contractors You Need To Know
…Independent Contractor? Being an independent contractor can provide a great deal of freedom and autonomy, but it also comes with several responsibilities. One such responsibility is taxes. As an independent…
Here Is How To File Your Taxes When One Spouse Owns a Business
…Filing jointly can result in lower tax rates than filing separately, as certain tax brackets and deductions are only available to couples filing jointly. For example, the standard deduction for…
FATCA Filing – A Guide for Reporting Foreign Assets for Expats
…marking your account as non-compliant. Non-compliance could result in the institution freezing or even closing your account. Some institutions prefer to avoid dealing with the added complexity of FATCA. To…
A Primer on How to Open A Business for Expat Entrepreneurs
…diversity of the population, which means a wide market to tap. The quality of life makes up for high taxes. 4. Norway Business digitization has become one of Norway’s most…
Expat Tax In Iceland – Ultimate Tips You Need To Know
…as of 2015 is the 31st-highest in the world by proportion of national GDP. Iceland ranks high in economic, democratic, and social stability, as well as equality. Below is our…