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The US expat's guide to dependent exemptions: Rules, benefits, and FAQs

What is a dependent? A dependent is someone who relies on you for financial support. This can include a child, a relative, or even a friend, as long as they meet certain criteria. In most cases a dependent can be either a qualifying child or a qualifying relative. A qualifying child must meet criteria such as being under the...

Form W-7: ITIN application guide

You can obtain an IRS individual taxpayer identification number (ITIN) by completing Form W-7. Using this form, you can also renew your ITIN. - IRS Understanding ITIN and its importance An ...

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...

How to renounce American citizenship: A comprehensive guide

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

What is Form 1040-X: Amended Tax Return?

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. ...