While filing income tax can be difficult for expats, we have good news. Extensions are available for your foreign tax return, and some are even automated! As an American, you're...
The country is gradually recovering from the Coronavirus's effects, and the tax deadline has been pushed until May 17th and while we have just over a month to the filing deadline,...
Even if you are not a U.S. citizen, but you live in, or spend a significant amount of time in the US, you will still have to pay U.S. income tax.Resident or non-resident aliensThe...
What is Welfare?Welfare refers to various government programs that provide financial or other assistance to individuals or groups who cannot support themselves. Welfare assistance...
Yeah, we understand that you do not want to let go of your hard-earned money to the IRS. However, trying to hide it from Uncle Sam is a recipe for trouble. No matter how smart you...
An Insight into Personal Use propertyUncle Sam defines personal use property as an asset or property used solely for private purposes and does not serve as an investment or business...
The VCSP (voluntary classification settlement program) is a program developed by the IRS that allows taxpayers to voluntarily reclassify their employees as employees in future tax...
Whenever an asset is sold for profit, there is a net gain. As a result, selling a stock for $200 even if you bought it for $150 gives a capital gain of $50.The rules with selling a...
As the new Biden government announces candidates for top government positions, there is a lot of speculation about what certain policy initiatives, including tax reform, will look...