Reid Kopald

Form 8814 allows parents to report a child's investment income on their own tax return instead of filing a separate return for the child. This election is generally available when the child is otherwise required to f...

US taxpayers generally pay US tax on foreign investment income for the 2025 tax year, even when the account is outside the United States. A foreign country may also withhold or assess tax on dividends, interest, or gains. The foreign tax credit can reduce double taxation when the foreign tax qualifies. Ext...

O-1 visa tax obligations depend on tax residency status, not the visa itself. The IRS uses tax-residency rules to decide whether an O-1 holder is taxed as a nonresident alien or resident...

At a glance: What it means: ESPP double taxation means the same economic gain from your employee stock purchase plan can end up taxed twice on your return – once as compensation income and again as capital gain. <...

At a glance For ...

Handling filing taxes for deceased can feel like one more administrative burden during an already difficult time. The good news is that the process is usually more structured than it looks. In most cases, you first need to figure out whether a final individual return is required, then confirm who has authority to file, and finally check whether t...