Articles

Affordable Care Act for US Expats Q&A

The Affordable Care Act, otherwise known as Obamacare, has been implemented and is now active. US Expats have a variety of questions as to how they are impacted by this act. Many US Expats are confused about their obligations concerning the ...

How Independent Contractors are Affected by the Affordable Health Care Act (Obamacare)

7% of workers are considered independent contractors Just over 7% of workers in the United States are considered independent contractors by the Bureau of Labor Statistics, and these self-employed individuals are directly affected by the Affordable Health Care Act. There are o...

U.S. Expat Tax Guidance if You’ve Recently Lost Your Job

If you have lost your job and are actively seeking gainful employment, you may be able to deduct the expenses associated with your job search.  You must be aware, however, of the taxes for which you will be liable. Almost everybody who’s ever been employed has experienced the dreadfu...

Preserving Tax and Financial Records: How Long Is Long Enough?

Now that tax season is behind us for another year—unless, of course, you filed an extension—let’s take a moment to consider what might happen should this or some other dead-and-buried tax return one day arise from the grave to haunt you once more—most likely in the form of an audit. The foundation of audit defense is good ...

Guarding Against Tax Refund Fraud

This year’s tax filing deadline is fast approaching. If you have filed an extension (or merely procrastinated), it may be a while yet before the IRS has your tax return in hand. But consider this disturbing scenario: what if you were to file only to be notified that the IRS already had a return on file for you? Identity theft is o...

Taxes for Graduate Students. Questions and Answers

The IRS understands that seeking higher education equates to more expenses and less time to devote to earning an income. We’ve received...