Mel Whitney
Articles
Decoding FinCEN Form 114 [a guide for the perplexed and procrastinators]
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. ...
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...
American Opportunity Tax Credit: Eligibility, benefits, and how to claim 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. ...
What is an ITIN and why do you need one?
Taxpayer identification numbers are essential for anyone who wants to pay taxes in the United States. However, not everyone is eligible for a Social Security number. That's where an Individual Taxpayer Identification Number, or ITIN...
FATCA reporting & filing requirements
What is FATCA? Prior to the FATCA introduction, the US government relied on taxpayers for disclosure of their foreign financial assets. Lack of reporting led to losses in tax revenue which was estimated to be billions of dollars. FATCA stands for Foreign Account Tax Compliance Act, which is a US law applicab...