Articles

What is Form 1040-X: Amended Tax Return?

What is Form 1040-X? IRS Form 1040-X is a tax form used by the Internal Revenue Service (IRS) to allow individuals to amend their tax returns. It is used to make changes or corrections to a previously filed tax return.</...

Tax attorney vs CPA: Choosing the right tax professional

When things get tricky, you need the right tax professional in your corner to handle everything from managing your fiscal responsibilities to optimizing your tax strategy. But whether it's a tax attorney vs CPA or a tax lawyer vs tax accountant – do you know who’s right for you? That’s what we’re going to exp...

What is a Tax Identification Number (TIN)?

As a US taxpayer or a global expat, you've likely heard the term "Tax Identification Number" or TIN tossed around. But what exactly is it, and why does it seem to appear in every tax conversation? Whether you're filing taxes, opening a bank account, or dealing with IRS paperwork, a TIN is your VIP pass to navigate the tax world. ...

Roth IRA vs. traditional IRA: Which retirement account is right for you?

Disclaimer This article is for informational purposes only and does not constitute legal advice. Always consult with a tax professional for your specific circumstances. De...

What to do if you can’t pay your taxes: consequences and potential options

While every American living abroad or stateside has to file an Individual Tax Return and pay the taxes they owe, millions don’t. In 2022, for example, 40% of all US households paid no income ...

SECURE 2.0 Act changes impact Form W-2 reporting for businesses

The IRS has issued a reminder that changes under the SECURE 2.0 Act, effective from tax year 2023, may affect how businesses report certain amounts on Forms W-2. The new provisions under the act introduce several features designed to encourage employee p...