Ines Zemelman
Articles
How to file a tax extension in 2025: What to know if you need more time
Filing taxes is stressful enough when you’re home in the US – but when you’re living abroad, managing businesses, or just facing life’s curveballs, meeting the April 15 deadline can feel impossible. That’s where a tax extension comes in. But like most things...
Foreign inheritance tax: Is your inheritance taxable in the US?
If you’ve received an inheritance from abroad, you may be asking: Do I need to report this to the US? The short answer: It depends. Even if no foreign inheritance tax is due, the Internal Revenue Service (IRS) has reporting rules you need to follow – or you...
Child Tax Credit: What parents need to know about this valuable tax break
Raising children is expensive, and while the IRS won’t cover daycare costs or your teenager’s endless snack cravings, the Child Tax Credit (CTC) is designed to ease the financial burden for families. With tax law changes happening regularly, it’s crucial to understand how the Child Tax Credit 2...
ITIN renewal guide: Don't let your ITIN expire
If you have an ITIN, you may be wondering if and when it needs to be renewed. In this article, we will guide you through everything you need to know about ITIN renewal, from who needs to renew their ITIN to how to renew it, and even some benefits you might not know about. ...
Form 720: A Guide to Quarterly Federal Excise Tax Return
Understanding specific tax forms and their purposes is crucial for compliance. One such form that often raises questions is the IRS Form 720. Designed for the reporting and payment of federal excise taxes, this form plays a pivotal role for many businesses. In this article, we'll delve deep into the nuances of Form 720, en...
Chances of being audited by the IRS in 2025: 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...