Ines Zemelman
- Corporate taxation
- International taxation
- Nonresident taxation
- Bachelor of Science, Baruch College
- MBA in Taxation, Baruch College
Articles
Schedule A (Form 1040): A guide to itemized deductions for US expats
When it comes to taxes, US citizens living abroad often ask the same question: Should I itemize my deductions or take the standard deduction? Schedule A (Form 1040) is a valuable tool for taxpayers who want to maximize their deductions by list...
Form 720: A guide to the quarterly federal excise tax return
If your business sells fuel, provides certain transportation or communication services, or deals in other excise-taxable goods, federal excise taxes may apply. But Form 720 – the Quarterly Federal Excise Tax Return – applies to a wider range of businesses than many people realize. From small employers with self-insured healt...
What does the "FATCA Filing Requirement" box on Form 1099 mean?
It is a payer or issuer reporting flag, not a box you complete yourself. In current IRS instructions, the 1099 FATCA filing requirement box is tied to chapter 4 account-reporting rules, which are part of FATCA. Whether the FATCA filing requirement box is checked, whether the FATCA filing requirement box is not checked, or whether the FA...
Qualified education expenses: what counts, what does not, and how to claim the right tax break
Higher education is expensive, but the tax rules can soften the hit. The catch is that qualified education expenses do not mean exactly the same thing for every tax break. For one benefit, a laptop may count. For another, it may not. For one rule, room and board qualifies. For another, it does not. That is why the smartest way to approa...
MAGI explained: What Modified Adjusted Gross Income means and how to calculate it
Making the most of Modified Adjusted Gross Income should be a key part of your financial planning and taxes, as it can play an important role when determining your eligibility for various tax credits, deductions, and retirement account contributions. ...
Chances of being audited by the IRS in 2026: What you need to know
If you're a taxpayer, you may have wondered about your chances of being audited by the IRS. While the audit rate for individual taxpayers has generally been declining in recent years, it's still important to understand the factors that can increase your risk and take steps to reduce them. In this article, we'll pro...