Reid Kopald
Articles
Form 1040-V: Payment voucher explained – when, where, and how to pay your taxes
If you owe the IRS money, the last thing you want is for your payment to get lost or misapplied. That’s where Form 1040-V comes in – a simple but important payment voucher that helps ensure your check or money order is correctly processed. While it may seem like just another form, using it properly can save ...
Do minors get taxes taken out of their paycheck?
Whether you're a teen earning your first paycheck or a parent trying to make sense of your child's W-2, this article is your roadmap to understanding taxes for minors. We’ll get to the bottom of minor taxation, from lawn mowing profits to the first official job, and the essentials of youthful finance where every dollar cou...
Form 8814: Parent's Election to Report Child's Interest and Dividends
If you are a parent who has a child with investment income, you may need to file Form 8814, Parent's Election to Report Child's Interest and Dividends. This form is used to report the child's investment income on the parent's tax return, rather than on a separate tax return for the child. In th...
Tax deductions for charitable donations: A complete guide 2025
Making charitable donations not only helps worthy causes but can also provide significant tax benefits. Understanding how tax deductions work for charitable contributions can help you maximize your giving while reducing your tax burden. Key takeaways: charitable donations can provide valuable tax deduc...
How US expats can claim stimulus checks in 2025
Disclaimer This article is for informational purposes only and does not constitute legal advice. Always consult with a tax professional for your specific circumstances. Th...
To Include or Not to Include Your Foreign Spouse’s Income on Your US Expat Tax Return
Living overseas and married to a non-resident alien spouse (that is, not a US Citizen or Green Card Holder), you can choose to file jointly and add your spouse's income but there are situations, however, when it doesn’t behoove either o...