Mel Whitney
Articles
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...
Standard vs itemized deduction on the US tax return
As an expat, dealing with the tax laws of two countries can be a challenging task. One of the most important decisions you'll make is whether to take the standard deduction or itemize your deductions. What is standard deduction? Let's break it down: the standard deduction i...
What Is Form 1099-DIV? Dividends And Distributions Mystery Solved
If you invested your money in stock & mutual funds and received dividends and capital gain distribution then you will likely receive a Form 1099-DIV from the payers. In this article, you will find out what is Form 1099-DIV, who can file it, how to file for Form 1099-DIV, how to report dividends without it, and what the deadline is.<...