Mel Whitney
Articles
Deductible Expenses for American Property Investments
It’s not uncommon for US Expats living abroad to invest in property located in the United States. If you’re a property investor, there are some available deductions of which you should be aware. When the housing sector turns into a buyers’ market, many US Expats take the opportunity to capitalize on invest...
Property Ownership Structures and How They Affect Your US Expat Taxes
If you are considering investing in US property, you may be interested in establishing a business structure to increase your privacy and protection against losses. US property values have – once again – taken a dive, and many US Expats are capitalizing on the market value downturn. If you are a US Expat inte...
How to Report Losses on Your Positive Property Cash Flow
It is possible to report a positive cash flow ‘on the books’ and still claim losses to reduce or eliminate your US income tax liability. You may have seen or heard about property owners paying little or no taxes on their property income while a positive cash flow was reported on their US income tax...
Taxes and Loan Interest…What’s Deductible?
The IRS allows certain types of interest to be deducted from one’s US expat tax return. In order to file your US taxes appropriately, it’s important to know what types of interest you’re able to deduct and the types of interest for which tax deductions are not available....
Nonresident Tax Return: You May be Taxed by the IRS as a Non-Citizen Residing in the United States
Millions of Non-US Citizens travel to the United States annually. Some visitors stay only temporarily, while others visit for more extensive periods. If you are a Non-US Citizen staying in the United States for any considerable period of time, you may be required to file a US income tax return. There are dozen...
Bitcoin Taxes – Frequently Asked Questions
Since its launch, Bitcoin has been hard to describe. Is it a currency? An investment? Some completely new? This made it difficult to figure out the tax laws for the cryptocurrency. This year though the IRS stepped in and gave an official ruling for the tax laws on bitcoins. To help you prepared for your tax return, here are the answers to the top...