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At TFX, we have been preparing business tax returns for over 25 years. We never hire junior staff. No outsourcing, no middlemen: you’ll be working directly with an experienced (our average age is 42) CPA or EA who will handle your case from beginning to end.
Aside from knowledge, convenience and security are what we value at TFX. And these key features are what our clients are thrilled with. Our best-in-class secure online portal makes TFX the top-rated tax firm (with an average score of 4.8/5 on Trustpilot).
In addition to tax filing & compliance, TFX offers tax planning & phone consultations. Choose a convenient time & book directly in your client portal.
TFX pricing is transparent, which means you’ll always know what you pay for.
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If you receive a large gift or inheritance from someone abroad, you might wonder if you owe tax. In most cases, you don’t – but you may need to report it to the IRS using Form 3520. This guide explains what the foreign gift tax really means, when you must report, how the rules work in 2025, and what recent laws like the One Big Beauti...
Choosing where to retire abroad takes more than comparing headline tax rates. For US citizens, the real picture is how local taxes, US filing rules, healthcare, and visa options work together once you actually live there. Three quick takeaways before you keep reading: Tax-friendly means more than low rates....
Many US taxpayers discover years later that foreign income, bank accounts, or FBARs were never reported — often because they did not realize the rules applied to them. To help eligible ...
Most late FBAR cases do not automatically lead to maximum penalties. The biggest risk factor is whether the IRS sees the failure as non-willful or willful. ...
If you paid income tax to a foreign country in 2025 and you also owe US federal tax on the same income, you can either claim a foreign tax credit on Form 1116 or take a foreign tax deduction on Schedule A. You cannot do both for the same taxes in the same year. The credit cuts your US tax bill dollar-for-dollar; the deduction only reduc...
If your child is applying for federal student aid and your family lives abroad, FAFSA treats your Foreign Earned Income Exclusion differently from how the IRS does – and that difference can significantly affect how much aid you q...