Paying tax is not a feeling any taxpayer likes. Having your income after working for a month or having a personal savings slash is no joke. The anger has pushed most taxpayers into...
GILTI stands for Global intangible low-tax income, which is income earned from other countries by U.S-controlled foreign corporations (CFCs), and it undergoes peripheral treatment...
Why is it important to know the taxpayer's source of income? This is important because the Foreign Tax Credit (FTC) can only offset U.S. taxes on foreign income. An American is...
Forgetting your tax obligation as a taxpayer is definitely a messed up situation. You can expect severe consequences if you don’t file your taxes at the right time. Fortunately,...
Are you an American native planning a move overseas or are you already living abroad? Do you have years of pendingtax returns? Even though it may seem tempting, you should never ignore...