Ines Zemelman
Articles
Form 1099-C: Cancellation of Debt [Do you owe taxes on forgiven debt?]
When a lender cancels or forgives your debt, it might feel like financial relief – until you receive Form 1099-C in the mail. At this point, you may have several questions: Do I have to pay taxes on canceled debt? Where do I report Form 1099-C on my tax return? Are there ways to a...
Taxation of foreign dividends: How to report US tax, withholding, and foreign tax credits
The taxation of foreign dividends can be complex for US taxpayers, especially expats who invest globally. Tax obligations and withholding requirements vary, but proper reporting helps you avoid double taxation and stay compliant. What you'll learn: How qualified vs. ordinary dividends affect your tax r...
Foreign inheritance tax: US reporting requirements (2026)
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...
How to file a tax extension in 2026
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...
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’ ...
Form 8858 and Foreign Disregarded Entities: a complete guide
Few things sting more than a $10,000 fine for a simple oversight. That’s what many Americans with overseas businesses face when Form 8858 goes unfiled. This form links your foreign entity’s books to your US taxes and keeps your international tax compliance airtight. With 2025 now bringing section 987 rule changes for tax years starting after Dece...