Articles

Form 1099-A: Acquisition or Abandonment of Secured Property explained

IRS Form 1099-A is a notice from your lender that they took back your property (like a home or car) through foreclosure or repossession, or that they believe you abandoned it. It shows the date this happened, how much you still owed, and the property’s estimated value - information you may need to figure out any tax gain or loss. ...

Impact of MAGI on US Expats' eligibility for tax saving provisions

Multiple tax-saving provisions included in One Big, Beautiful Bill are expected to save taxpayers thousands of dollars each filing season. Almost all of those provisions are limited by the taxpayers’ ...

What concerns of US expats does the One Big Beautiful Bill Act not address?

Based on the One Big Beautiful Bill Act (OBBBA) signed into law on July 4, 2025, here are the key issues that the legislation does NOT address: Fundamental expat tax system issues ...

How the tips and overtime tax deductions in the One Big Beautiful Bill Act affect American expats

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, fulfilling key campaign promises to provide tax relief for American workers earning tips and overtime pay. ...

Tax provisions in the One Big Beautiful Bill Act: Special considerations for American expats

The One Big Beautiful Bill Act brings significant implications for US citizens living abroad (expats) and non-resident aliens with US-source income, with effects varying dramatically between permanent and temporary provisions. ...

Child tax credit requirements under the One Big Beautiful Bill Act: Impact on Americans abroad

The One Big Beautiful Bill Act supercharges the Child Tax Credit – yet slips in stricter Social Security Number rules that can block expat families from claiming it. This quick-start guide breaks down what’s permanent, what’s temporar...