Articles
Form 8858 and Foreign Disregarded Entities: Every detail explained
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
What is Modified Adjusted Gross Income (MAGI) and how to calculate it?
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
Is alimony taxable: Tax pain & alimony payments for US expats
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
What Is Form 1099-A, Acquisition or Abandonment of Secured Property
Form 1099-A is a tax form that is used to report the acquisition or abandonment of secured property. This form is typically used by lenders to report when they have foreclosed on a property or when a property has been repossessed. The information provided on Form 1099-A is used by the IRS to determine if the borrower h...
Schedule A demystified: A guide to itemized deductions for US expats
When it comes to taxes, US citizens, including expatriates, often find themselves asking: “Should I itemize my deductions or stick with the standard deduction?” Enter Schedule A (Form 1040) – a valuable tool for taxpayers who want to maximize their deductions by listing specific eligible expenses. Her...
IRS provides tax relief for California wildfire victims; deadlines extended to October 15, 2025
The Internal Revenue Service (IRS) has announced tax relief measures for individuals and businesses affected by the wildfires in California that began on January 7, 2025. Affected taxpayers now have until October 15, 2025, to file various federal tax returns and make payments. Affected areas The ta...