Reid Kopald

IRS Form 4137 stands out as a critical document for many workers in the service industry. This Form, titled "Social Security and Medicare Tax on Unreported Tip Income," plays a vital role in ensuring that income from tips is accurately reported and taxed. Being a CPA since living memory, I've seen many clients overlook this fo...

Cryptocurrency transactions have become very popular nowadays and every American citizens, including expats, have to file a US tax return every year,  should know how the IRS is treating each transaction like buying, investing, and trading of Cryptocurrencies.   If you've invested in Bitcoin or another form of cryptocurrency, understand...

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...