Andrew Coleman
Articles
Form 8283: How to claim a tax deduction for noncash charitable contributions
Donating property to charity can be a great way to support a cause while also benefiting from a tax deduction. However, the IRS closely monitors noncash donations to prevent inflated valuations and improper deductions. If you’ve donated real estate, artwork, vehicles, stocks, or other noncash assets...
Tax refund delay: Why it’s taking so long & how to fix it
If you are still waiting on your tax refund, you are not alone. Many taxpayers, including US expats, are experiencing delays, wondering when their refund will arrive. The IRS states that most refunds are processed within 21 days, but various factors can slow things down. Some common concerns include: Unexpect...
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 retur...
How to obtain dual citizenship, which countries accept it, and how it impacts taxes
A lot of people have a lifelong dream to acquire a passport of another country — on top of their country of origin’s one. Holding two passports is called having a dual citizenship or having a second citizenship. Being a dual citizen comes with a set of caveats thoug...
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 Form 8332, Release of Claim to Exemption for Child by Custodial Parent
Form 8332 is crucial – especially for divorced or separated parents. This IRS form plays a vital role in determining which parent gets to claim specific tax benefits related to a child. In this article, we’ll explain what Form 8332 is, how to complete it step by step, and how it impacts key tax benefit...