You may be subject to tax treaties if you live abroad and earn income. We will break down all you need to know about tax treaties and how they work.Under an income tax treaty, two...
Posted by James Financial Services Inc on 01/21/2022
When the end of the tax year rolls around, and taxpayers in the U.S start to think of filing their tax returns, the form 1040 is the go-to form. There are some variations to it, however....
Posted by Income Taxes and Bookkeeping LLC on 01/01/2022
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...
Going to university to broaden your horizons is interesting, but funding your studies with scholarships? It's even better. Scholarships often offer an educational path that would...
IRS Form 8949 is a tax form used primarily to report sales and trade of capital goods. Form 8949 is filed alongside Schedule D of the income tax form.What is IRS Form 8949?Form 8949...
As the end of 2020 is upon us and with hopes of better & healthier days ahead, the inevitable comes with it, in terms of having to file our taxes by April 15th, 2021, but as so...
Article Highlights:Stimulus Payments to Deceased Individuals Stop Payments Being Made on Checks Already Issued IRS Authority to Deny Stimulus Payments to Deceased Individuals History...
Posted by ACE Plus Tax Resolution on 08/04/2020