Ines Zemelman
Articles
IRS 2025 tax bracket adjustments: What you need to know
The IRS has announced key tax adjustments for the 2025 tax year, impacting the tax brackets, standard deduction, and various tax benefits. These changes are crucial for all US taxpayers, especially expatriates, as they bring some important benefits and considerations for tax planning. Here's a detailed breakdown of the 202...
Do missionaries pay taxes? Understanding IRS rules for missionaries
Missionaries play a unique role in society, often working tirelessly to support their communities, spread faith, or provide aid in remote regions. But while their mission may be spiritual or philanthropic, their tax obligations remain firmly grounded in US tax law. The question is – do missionaries pay taxes, and if so, ...
Digital nomad taxes: What you need to know
Life on the move has its perks - new cities, fresh Wi-Fi, and maybe even beachside Zoom calls. But there’s one thing digital nomads can’t outrun: taxes. Whether you're freelancing from Lisbon or managing remote teams in Chiang Mai, understanding digital nomad taxes is essential to avoid surprises from the IRS or foreign ...
PFIC explained: What it is and how it affects US taxpayers
Today, there are thousands of registered PFICs worldwide, covering many investment options, including foreign mutual funds, index funds, ETFs, and foreign pension plans. Passive foreign investment company (PFICs) are foreign investment vehicles subject to complex US tax rules that often lead to high tax rates and strict reporting ...
What does the "FATCA Filing Requirement" box on Form 1099 mean?
If you received a 1099 Form at the beginning of the year, you might have noticed a FATCA filing requirement box. It may be checked or left blank, which can raise questions. What does this box mean? Should you check it yourself? Do you need to file any additional forms because of it? Below, we explain what the FATCA filing requirem...
How to file a tax extension in 2025: What to know if you need more time
Additional 2-month extension until December 15, 2025 ...