Reid Kopald

Explanation of Rental Income Profit and Loss Reporting If you have been an expat for some time, you are likely already aware of your requirement to file an annual US tax return while living and working abroad. This requireme...

Are you thinking about retiring overseas? It is a great choice, and the decision as to where should be made after careful considerations about financial needs, taxes, and more. Your idea of a perfect retirement may involve living overseas as a retired expat. If you fail to perform due diligence before moving abroad, though, you...

Creation of a U.S. pass-thru business entity (partnership or S-Corporation) assumes business income to get taxed on the owners’ individual tax returns keeping the entity free of tax. Generally, this is correct. Howev...

Stimulus Payment Critical Update for Non-Resident Alien Spouses The IRS updated the Stimulus check FAQ page with more information on COVID-19 Federal Stimulus Payment eligibility. Couple...

Definition The gift tax is a tax on the transfer of property by one individual to another while receiving nothing or less than full value in return. For Example,  Father gave gifts to his daughter $600,000, for which she pays father $100,000. Then $500,000 (600,000 - 100,000) is co...

The IRS is always on the lookout for new revenue sources. As the popularity of cryptocurrency has increased in recent years they have provided guidance on how cryptocurrency is taxed. Most taxpayers, however, have not considered the possibility of needing to pay income tax on their cryptocurrency transactions. <...