Check Your Tax Withholding Early This Year to Avoid Problems in 2020 As mentioned many times, the Tax Cuts and Jobs act of 2017 could cause large unexpected changes for taxpayers going forward when they file their taxes in…
Read More Check Your Tax Withholding Early This Year to Avoid Problems in 2020
Along with changes to the Standard and Itemized deductions, the Tax Cuts and Jobs Act of 2017 (TCJA) modified the child tax credit and credit for other dependents, moving expenses, AMT, and health care coverage. The Tax Cuts and Jobs…
Read More The Tax Cuts and Jobs Act – Credits, Moving Expenses, AMT, and Health Care Coverage
Two of the major changes by the TCJA that affects a large number of taxpayers were the changes to the standard and itemized deductions. Today let's look at the highlights in these areas. The Tax Cuts and Jobs Act -…
Read More The Tax Cuts and Jobs Act – Changes to the Standard and Itemized Deductions
In 2014 the IRS began posting a yearly list of prevalent tax scams that taxpayers should be aware of when going to file their annual tax returns. Coined the "Dirty Dozen", the list is updated annually and is a great…
The Tax Cuts and Jobs Act (TCJA) introduced many changes for small business and self employed individuals. Today we will take a moment to highlight a few of the key changes along with calling out a recent publication from the…
Read More Tax Cuts and Jobs Act Changes for Small Businesses and Self-Employed Individuals
The IRS offers several mechanisms to the taxpayer to either reduce or eliminate any double taxation that might occur as a result of the taxpayer living outside of the United States.
When speaking about U.S. taxation many different terms are mentioned when speaking about the taxpayer. U.S. citizen, nonresident alien, and resident alien are a few of the terms you might see in your research.
If you are living abroad and considered to be a U.S. Person by the IRS for tax filing purposes you may have to report your foreign bank accounts (bank accounts not located within the U.S. to the IRS. Today we…
