Reid Kopald
Articles
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...
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...
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
The pandemic may feel like a distant memory, but many US expats are still wondering if they can claim their stimulus checks – or recover them if missed. Whether you're a seasoned expat or new to navigating US tax laws from abroad, here's your ultimate guide to understanding and claiming your stimulus checks in 2025. ...
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...