Articles
What happens if you don’t file your taxes? IRS fees & penalties explained
If you're a US citizen or resident alien living abroad, you’re likely aware of your obligation to file US tax returns annually. However, if you’ve overlooked this requirement, the IRS imposes penalties and fees that can add up quickly. In this guide, we break down the consequences, provide information on how to get bac...
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 i...
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...
Understanding the Jock Tax: What athletes and remote workers need to know
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
Estimated taxes: who must pay and due dates
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...