Tag: tax compliance
Form 1098-E: Student Loan Interest Statement and How It Can Help You Save on Taxes
Nov 06, 2024
If you’ve ever borrowed money for school, chances are you’ve received a Form 1098-E. Your loan servicer provides this form to help you track the interest paid on your student loans throughout the…
Form 8858 – Practical Info – What Expats Need to Know
Sep 27, 2024
Form 8858 is an IRS form requirement for people who own certain foreign entities. If the filing requirement applies, you must do it accurately and on time. What Is Form 8858? Form 8858…
What Is Form 8833? A Guide for Expats
Sep 27, 2024
What You Need to Know About The Form 8833 When a taxpayer elects to take a position that overrules or modifies any provisions of the Internal Revenue Code that results in a reduction…
How to Deal with IRS CP59 Notice For High-Income Non-Filers – A Guide for Expats
May 27, 2024
If you’re a U.S. person earning over $400,000 and haven’t filed for years, you might soon receive an IRS CP59 notice. This notice calls for immediate action. You must either submit your tax…
7 Smart Tax-Saving Strategies for High-Income Earner Expats
Apr 04, 2024
Earning a high income has advantages, but it can also put you in a higher tax bracket. This means the government takes more of the money you worked hard for. Thus, it is…
Expat Taxpayer Experience Office: A Guide to IRS Customer Service
Oct 18, 2022
The IRS aims to improve customer service by opening the first-ever IRS Taxpayer Experience Office. Find out more about it in this write-up.
The Truth About Why Expats Still Need to Pay Taxes
Sep 01, 2022
US expats are still required to pay taxes no matter where they work or live. Find out more about why you need to comply and how you can benefit from it.
Here Is How to Avoid Double Taxation With Your HR
Aug 11, 2022
HR teams have a crucial part in a company's payroll processes. As such, they must know how tax filing works, including for expat employees.
Ultimate Guide to IRS Tax Audit — Everything Expats Need to Know
May 17, 2022
IRS tax audits can be daunting for inexperienced citizens. Learn about the IRS tax audit process and how you can adequately deal with them with this guide.
4 Important Reasons the IRS Could Freeze Your Assets as an Expa
Apr 19, 2022
Paying taxes is a duty, and the IRS can freeze your bank account for any unpaid tax debts. Learn about various other reasons the IRS could freeze your assets.