If you've never heard of the TAP (Taxpayer Advocacy Panel), don't worry, you're not alone. Not many people have heard of TAP. What is the Taxpayers Advocacy Panel...
Posted by Income Taxes and Bookkeeping LLC on 04/24/2022
As an expat, you are constantly reminded that you must file a federal tax return each year to comply with the IRS. However, an equally important requirement for some expats can easily...
Posted by Tiffany Gaskin on 04/24/2022
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
Every US citizen that wants to live in another country should consider learning what the Foreign Tax Credit Entails and how it works. It also applies to all citizens that desire to...
Posted by KLSM CPA Firm PLLC on 12/18/2021
Are you nearing retirement age and wondering where to retire so that your retirement savings last longer? Retiring abroad could be the answer. But first, it's essential to consider...
Posted by Abundant Wealth Planning LLC on 09/20/2021
The federal income tax deadline has passed. However, some taxpayers have not filed their 2020 tax returns or have not paid their taxes.If a taxpayer qualifies for a refund, there is...
Posted by Dennis Jao on 07/24/2021
Many American citizens have businesses conducted on foreign soil. The business or other personal needs might warrant opening a foreign account to track their finances. As long as you...
Posted by James Financial Services Inc on 06/06/2021
Capital gains tax for U.S. citizens living abroad can be complex due to expatriate tax laws and regulations. Whether you are selling your home overseas or renting out a property, this...
Posted by James Financial Services Inc on 04/30/2021
All US citizens with foreign accounts need to worry about the tax implications. Uncle Sam does not treat all funds held in a foreign bank account the same way as a domestic bank account....
Posted by KLSM CPA Firm PLLC on 03/31/2021
