Ines Zemelman
Articles
Qualified education expenses: What you can (and can’t) claim on your taxes
Disclaimer This guide is for info purposes, not legal advice. Always consult a tax pro for your specific case. Higher education is expensive – but the IRS offers tax...
Form 8959 Explained: Additional Medicare Tax made simple
The US tax code is complicated enough without extra forms, but if you’re a high earner or self-employed, you’ve probably encountered Form 8959. This form is essential for reporting the Additional Medicare Tax, a tax that applies once your income crosses certain thresholds. If you’re un...
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...