Reid Kopald

What Is Royalty Income? A royalty Income is a legally binding payment made to an individual or company for the ongoing use of their assets, including copyrighted works, franchises, and natural resources.  An example of royalties would be payments received by musicians when their original songs are played on the r...

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...

You can get in trouble with the Internal Revenue Service (IRS) in a variety of ways when using bitcoin, so it's worth learning the regulations. What's the larger picture? Bitcoin and other cryptocurrencies that you buy, tr...

Are you an American expat who has started or is seriously considering starting your own business? Whether you wish to engage as an independent contractor or start your own company, having the flexibility of being your own boss...

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...