Important Tax Changes for Individuals and Businesses
Posted on January 5th, 2021
Every year, it’s a sure bet that there will be changes to current tax law and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here’s a checklist of tax changes to help you plan the year ahead. Read More…
Tags: Deductions, Depreciation, Foreign Income, Health Care, Tax Law Updates
Reporting Foreign Income for U.S. Taxpayers
Posted on April 5th, 2019
If you are living or working outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship.
In addition, U.S. taxpayers with foreign accounts exceeding certain thresholds may be required to file Form FinCen114, known as the “FBAR” as well as Form 8938, also referred to as “FATCA.” Read More…
Tags: Expat Taxes, Foreign Income