Mel Whitney
Articles
Form 7202: Your last chance to claim COVID sick & family leave credits in 2025
Time is running out. If you're self-employed and missed work due to COVID-19 in 2020 or 2021, April 18, 2025, is your final shot to file or amend a return using Form 7202 and claim valuable tax credits. After that, the door slams shut. This guide breaks down what Form 7202 is, who qualifies, how much money is at stake, ...
Form 8275: The unsung hero of tax disclosure
When it comes to tax returns, sometimes the best offense is a good defense. That’s where Form 8275 – Disclosure Statement enters the scene. It may not have the glitz of a refund calculator or the thrill of a tax treaty, but when a tax position is in a gray area, this humble form can mean the difference betwe...
Common international tax forms and foreign withholding forms: A guide for US taxpayers
As global business, investing, and living abroad have become common, so too has the need to understand international tax obligations. Whether you are a US citizen with foreign investments, a nonresident earning US income, or a business with international interests, knowing which international tax forms to file is essent...
Section 83(b) election: maximizing tax savings on stock-based compensation for startups and employees
The Section 83(b) election under the Internal Revenue Code (IRC) can be a powerful tax strategy for employees, founders, and others who receive stock-based compensation with a vesting sch...
Recovery Rebate Credit: What it is and how to claim it [a final call 2024 guide for expats]
Don't assume you're ineligible just because you're miles from home. The Recovery Rebate Credit could still be yours for the taking. In the whirlwind that was the COVID-19 pandemic, the US government launched a financial lifeboat for its citizens: the Recovery Rebate ...
Form 8832: A Comprehensive Guide to Entity Classification Election
In the realm of taxation, businesses are presented with myriad opportunities to streamline their tax liabilities. One such pivotal opportunity is the choice of how a business wishes to be classified for tax purposes. Form 8832 emerges as a cornerstone in this context. In this guide, we'll unravel the intricacies of Form 88...