For a start, you must be aware that you are only entitled to military tax benefits, if you are actively involved in service, or have served on active duty. Most importantly, it would...
We totally get it. People with thousands and millions of dollars sometimes like to hide their money abroad.Of course, the government disapproves of tax evasion. After the financial...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/27/2021
The Revenue Agency has updated procedures affecting the Individual Identification Number (ITIN) application process. Taxpayers and their representatives should review the following...
Posted by Rosovich & Associates, Inc. on 11/11/2021
When it comes to your tax fillings, you cannot afford not to know all the requisite forms to be filled and filed by the end of the tax year. There are different tax forms for different...
Posted by Pat Raskob on 10/09/2021
There exist two kinds of dividends, qualified and ordinary dividends. Ordinary dividends are taxed at the income tax rate, and qualified dividends are taxed at a lower special rate.As...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/24/2021
You must be a U.S. citizen, lawful permanent resident (green card holder), or pass the "substantial presence" test to be recognized as a U.S. resident for tax purposes. Some...
Bankruptcy is not an unfamiliar term to most people in the US. It is usually an option for people who are unable to settle their debts. It helps in making a plan that will enable them...
If you are moving to a foreign land to settle, start a new job, or even set up a business, the US Expat taxes might qualify you for some tax exclusion. One, however, needs to apply...
Regardless of your level of insight into taxes as an individual or a business, you must understand the concepts of FATCA and FBAR and their differences because to understand and utilize...