Mel Whitney
Articles
What is Form 1099-DIV? Meaning, boxes, and tax reporting
Form 1099-DIV is the information return your broker, mutual fund, or other payer sends you each year to report dividends and certain distributions of $10 or more. You don't file the form itself with the IRS – your broker already did that. You use the numbers on it to fill in your Form 1040 and Schedule B. This guide walks thro...
9 US states with no income tax: full list & expat guide
Nine US states do not tax individual wage income: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. For US citizens and green card holders moving abroad, choosing one of these states with no income tax as your domicile before departure can stop your old state from continuing to tax your foreign incom...
IRS Streamlined Foreign Offshore Procedures (SFOP): a comprehensive guide for expats
The Internal Revenue Service introduced the ...
IRS Streamlined Procedures en France : régulariser ses impôts US
Pour de nombreux Américains vivant en France, le problème commence par un simple e-mail de leur banque. ...
Where to report foreign income on Form 1040 and exclude it legally
If you're a US citizen or green card holder living abroad, you owe US tax on your worldwide income. That includes wages, self-employment earnings, interest, dividends, rental income, and pensions – regardless of where they were earned or where the money sits today. Your starting point is Form 1040. From there, the form or sche...
Capital gains tax on foreign property: US reporting, exclusions, and how to reduce tax
US citizens and resident aliens generally report ...