Ines Zemelman

The United States does not impose federal income tax on foreign inheritance received by US citizens or residents. In simple terms, money or property received from abroad is usually not taxed when it comes in. However, foreign inheritances over $100,000 must be reported to the IRS using Form 3520, and any income earned from inherited assets is tax...

Filing a tax extension gives you until October 15, 2026, to submit your federal tax return instead of the April 15 deadline. The extension is automatic, free to file, and approved instantly using IRS Form 4868. File online in 5 minutes through IRS Free File or mail a paper form. Important: An extension to file is not an...

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’ ...

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 ...

The One Big Beautiful Bill Act (OBBBA) creates an unintended two-tier benefits system where employees performing identical work receive vastly different tax treatment based solely on their immigration status and tax identification doc...

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. ...