Are you a U.S. citizen or green card holder who spends significant time abroad each year? … Continue reading “Tax Form 8840 Closer Connection Exception Statement”
No matter who you are or where you’re from, taxes are an inevitability of life – … Continue reading “Tax Form 1040-NR U.S. Nonresident Alien Income Tax Return”
Look no further than Tax Form 8833, the Treaty Based Return Position. This form may seem … Continue reading “Tax Form 8833 Treaty Based Return Position Disclosure”
Are you a US citizen with interests in foreign corporations? Then, it’s time to pay attention! … Continue reading “Tax Form 5471 : Information Return for Foreign Corporation 2023”
The Foreign Earned Income Exclusion (FEIE) allows certain taxpayers to exclude a portion of their foreign … Continue reading “Tax Form 2555 for Foreign Earned Income Exclusion”
Tax Form 8938 is used by the IRS to help track foreign financial assets. If you … Continue reading “Tax Form 8938 Reporting Requirements Explained 2023”
Tax season is upon us once again, and that means it’s time to file your taxes. … Continue reading “Tax Form 8621 for Shareholders of Passive Foreign Investment Companies”
The Child Tax Credit 2022 is a federal tax credit that helps parents with children under … Continue reading “Child Tax Credit 2022: How Much can You Get?”
When you buy or sell a property, it’s important to be aware of Section 1245 property. … Continue reading “Section 1245 Property: How to Find out & Why it Matters”