Reid Kopald

What happens to my 401k if I move abroad? A guide for US expats

Moving overseas raises many questions about your finances - especially your retirement savings. One common concern is, what happens to my 401k if I move abroad? Your 401k remains an important asset, but managing it from outside the US requires understanding your options, tax implications, and potential challenges. This article...

6 best ways to spend your tax refund (and avoid regret)

In 2024, the average IRS refund topped $3,138. Most Americans put their refunds toward essentials like savings, paying down d...

Streamlined Procedure: Which Years to File?

Which years to file? If you are behind on your tax returns & want to become compliant, the first question you likely have is - what years do I need to file? The Streamlined Program is an olive branch fro...

What do i need to file my taxes? Your ultimate tax documents checklist

Tax season can feel a bit like preparing for a surprise pop quiz – except this quiz involves your entire financial life, and there’s a deadline. The million-dollar question (or maybe just a few hundred or thousand): What documents do I need for taxes? Getting organized upfront means ...

Form 8621: A guide for shareholders of passive foreign investment companies

If you've ever felt like tax forms are written in a secret code, you're not alone. Form 8621, or "Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund," is no exception. This guide aims to translate this tax jargon into someth...

Form 5405 explained: How (and when) to repay the first-time homebuyer credit

Still making payments for a home you haven’t lived in for years If you bought your home in 2008 and claimed the First-Time Homebuyer Credit, the IRS might still be expecting a check. And if your living situation has changed – you might...

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