Articles

Mastering Compliant Deductions for "Selling & Administrative Expenses

How can you legally minimize taxes on your hard-earned business profits when operating a single-member LLC or sole proprietorship in the United States?

Do Crypto Transactions Need to Be Reported on Your Taxes? Understanding the Form 1099-DA

Cryptocurrency trading is no longer beyond the IRS’s reach. U.S. crypto exchanges and custodial platforms are required to report customers’ digital asset sales and exchanges to the IRS using Form 1099-DA.

Own an Overseas Company? Don't Overlook Form 5471

If you are a U.S. citizen, Green Card holder, or U.S. tax resident who owns 10% or more of a foreign corporation, you may be required to file IRS Form 5471 along with your annual tax return.

What is Form 8621?

hold shares in a Passive Foreign Investment Company (PFIC). Form 8621 is an IRS reporting form that U.S. taxpayers must use to disclose their direct or indirect ownership interests in Passive Foreign Investment Companies (PFICs).

Preparing for Retirement? Essential 2026 IRS Guide on How Retirement Affects Your Taxes!

Retirement is more than an exciting lifestyle milestone—it also ushers in a new chapter of financial management and tax planning.

Demystifying Below-Market Government Loans: Accounting Treatment and Present Value Discounting

To promote semiconductor manufacturing, the green energy transition, and domestic industrial development, government agencies often offer policy loans at zero interest or substantially below-market rates.

IRS Provides Dyed Diesel Fuel Penalty Relief Following President Trump's Executive Order!

To mitigate diesel supply shortages and rising inflationary pressures, President Trump issued an executive order implementing emergency tax relief on diesel fuel.

A Must-Read for Non-U.S. Persons: The $60,000 U.S. Estate Tax Trap

Many Taiwanese investors are eager to invest in U.S. stocks through offshore brokerages, yet they often overlook a critical risk that could have serious financial consequences.

Do U.S. Retirement Accounts Also Have a "Minimum Withdrawal Rule"? Understanding How RMDs Are Calculated and When They Start

Many people spend years diligently putting money into 401(k)s, Traditional IRAs, and other retirement accounts, enjoying the benefit of tax-deferred growth — but few realize that once you reach a certain age, the government requires you to withdraw a minimum amount every year.

Tax Pitfalls and Exemptions for Selling Foreign Real Estate as a U.S. Taxpayer

Under the strict rule of U.S. "global taxation," U.S. citizens and Green Card holders must report capital gains to the IRS when selling real estate anywhere in the world.

Caring for a Family Member? Essential 2026 IRS Tax Benefits for Caregivers!

Many taxpayers take on the responsibility of caring for elderly parents, disabled relatives, or adult dependents.

If a U.S. Company Files for a Tax Extension, Is the Tax Payment Deadline Also Extended?

Many U.S. companies consider filing for a tax extension because their accounting records and financial documents are not yet ready.

How Should Government Grants Be Accounted For? Understanding US Accounting Treatment for Government Assistance

When companies receive government grants, such as tech R&D funding or industrial upgrade subsidies, they are often confused about how these funds should be recognized and disclosed in financial statements.

Does a U.S. Company Need to Notify the IRS When Changing Its Responsible Party?

When a U.S. company changes its Responsible Party, many businesses remember to update their information with the state government but forget to notify the IRS.

Who Needs to File IRS Form 3520?

You are required to file if you meet any of the following conditions within a tax year:

Practical Guidelines & Filing Regulations for U.S. Private Company Payroll

Operating a private enterprise (Small Business) in the United States involves complex tax withholding and legal compliance requirements when managing employee payroll.

Manage Taxes on Your Phone? IRS Launches New Mobile App to Expand Digital Services in 2026!

The Internal Revenue Service (IRS) is upgrading its digital transformation! To make tax management more accessible, the IRS has launched a brand-new official Mobile App, providing a modern, secure, and seamless mobile experience to help taxpayers stay on top of their tax profiles anytime, anywhere.

If Your Spouse Passed Away, How Should You File and Sign Your U.S. Tax Return?

Losing a spouse brings emotional difficulty, and on top of that, there are various administrative matters to handle — one of which is how to file and sign your tax return the following year.

Does the United States require invoices?

Many people find it difficult to understand the U.S. invoice regulations. In fact, the core logic is quite simple: the United States does not have a China-style official unified invoice system, nor does it rely on invoices to regulate taxation; its overall fiscal and tax framework is fundamentally different from that of mainland China.

Trump Administration Advances the Nation’s First "Nationwide School Choice Program"!

In recent years, scammers and non-compliant tax promoters have been targeting Tribal Communities, claiming they can help apply for large tax credits or refunds to lure individuals into providing sensitive personal information and charging exorbitant fees!

Don't Panic If You Receive an IRS Letter! Pros and Cons of Five Response Methods at a Glance

Receiving a letter with the IRS logo on the envelope is enough to make many people's hearts race and leave them unsure what to do

U.S. Estate and Gift Taxation

The U.S. estate and gift tax system is essentially a "single tax" framework

Parents Wiring You Money to Buy a House? Beware of U.S. Tax Landmines! A Quick Guide to Reporting Foreign Gifts and Inheritances

How Severe Are the Penalties for Failing to Report?

Expense or Asset for App Development? ASC 350-40 Capitalization of Internal-Use Software Development Costs

The Three Stages of Software Development and Their Accounting Treatments

Step One in Filing Taxes: Choose the Right Filing Status

Taiwan Parent Company + US Subsidiary: How to Handle Taxes?

Form 4868 Extension Application: How‑to and Limitations

The IRS Promotes Online Service Upgrades! Encouraging Taxpayers to Utilize IRS.gov Self-Service Tools

Mastering Lease Accounting & Its Accounting Treatments

HSA (Health Savings Account) Tax Filing Guide! Key U.S. Tax Highlights Explained!

What Should You Do If You Accidentally Fail to Report Foreign Financial Assets? Never Do a "Quiet Disclosure"!

Attention Unreported FBAR Holders! U.S. & Taiwan Discuss Enhanced Data Exchange; AI Enforcement Escalates

US Government to Intensify Crackdown on Hidden Foreign Income & Welfare Fraud Starting in 2026

Three Common Penalties for U.S. Individual Income Tax

IRS Announces Tax Season Will Begin Jan. 26

Key Tax Considerations for Qualifying Widow(er) / Surviving Spouse Filing Status

U.S.-Made Vehicle Loan Interest Deduction

How to report the sale of a home on US taxes?

Can a U.S. Entity Change Its Tax Classification After Formation?

Key Tax Filing Deadlines for January 2026

Need to Reclaim Tax Credits? Understand the Key Form 8862

Types of U.S. Companies and Key Tax Considerations

Maximizing Your 2025 Standard Deduction for Seniors

Maximizing Your 2025 Standard Deduction for Senior

Key U.S. Tax Considerations for Students Studying

IRS 2025 Criminal Investigation Report

Searching for U.S. Certified Public Accountants in Taiwan

Working Overseas? This Form Can Help You Save on Taxes!

How to Organize Your U.S. Tax Documents

Health Savings Accounts (HSAs) Offer Triple Tax Advantage!

What to Do If the IRS Requests Additional Tax Payment

New Overtime Deduction Available for U.S. Wage Earners in 2025

Regulations of U.S. Amended Tax Return

U.S. Tax Guide for Holding and Trading Virtual Currencies

Selling a house in the US? Don’t get lost in tax forms!

About the Streamlined Procedures

Important Form 5472 Filing Requirements for U.S. Companies!

IRS Reminder: Payment Plan Options Are Available for Taxpayers Who Owe

Payment Plan Options Are Available for Taxpayers Who Owe

Form 5471 Filed? Key International Tax Compliance for U.S. Shareholders

What Is a 401(k)? A Quick Guide to the Most Common U.S. Retirement Savings Account

What Is Form 1040-X?

IRS encourages taxpayers to check withholding now for next year

How to Avoid U.S. Tax Fraud?

Can I get a Tax Credit for Buying a Tesla in the U.S.?

2026 U.S. Business Tax Filing: Key Dates & Smart Strategies

A Complete Guide to Key Deadlines for Filing 2025 U.S. Taxes in 2026

Who Can Claim the U.S. Earned Income Tax Credit (EITC)?

U.S. Tax Filing—Overlooked Strategies for Potential Savings！

What is a PIN for U.S. taxes?

IRS Announces Interest Rates for the First Quarter of 2026

The IRS has announced updated retirement contribution limits for tax year 2026.

IRS has announced updated retirement contribution limits for tax year 2026.

Have Foreign Assets? Form 3520 is a Key Part of Your Tax Filing. Don't Overlook It!

Key Changes to U.S. Tax Rules for 2025: What You Need to Know

How to Write a Check to Pay U.S. Taxes?

How to Write a Check to Pay U.S. Taxes

Time you can claim a credit or refund

IRS Tips to Help Taxpayers Make Sure Their Donations Go to Legitimate Charities

Use the “Where’s My Refund?” Tool to Track Refund Status

2025 U.S. FBAR Penalty Adjustments

Do You Need to File Taxes on Social Security Income?

Common Questions About Form 1099-K

2026 Filing Tax Return Update! The US Tax Adjustments for 2025

Who Needs to File Form 1116 When Filing Taxes?

IRS 2025 Third Quarter Interest Rates

What are the tax obligations for a U.S. citizen?

Trump's Tax Cut Bill: Key Provisions Analysis

How Do Married Couples File U.S. Taxes?

The U.S. OBBB Act Tax Highlights

Do You Own Taiwan ETFs? You Might Need to File IRS Form 8621!

The Deadline of Beneficial Ownership Information Report

IRS Warns Taxpayers to Beware of Tax Schemes Involving Donations

Who Should File a 2024 Tax Return In 2025?

2025 Filing Tax Return Update! The US Tax Adjustments for 2024

What is Beneficial Ownership Information (BOI) Report?

he Deadline of Applying for US Stimulus Payments!

The Deadline of Applying for US Stimulus Payments!

2024 U.S. FBAR Penalty Adjustments

The IRS Announced a New Tax Policy for Energy Efficient Home Improvement Credit

The IRS Announced a New Tax Policy for Energy Efficient Home Improvement Credit!

What Should I Prepare for Filing 2023 US Taxes in 2024?

2024 US Tax Filing Season Begins on January 29!

2023 IRS Income Tax Brackets, Updates to Your 2023 Tax Return for Filing in 2024

January 16, The Deadline for the 2023 Fourth-Quarter Estimated Tax Payment.

January 16, The Deadline for the 2023 Fourth-Quarter Estimated Tax Payment

Three Steps of Renouncing U.S. Citizenship

Frequently Asked Questions of US Taxes for New Green Card Holders

Assessing the Need for U.S. Estimated Tax Payments

The IRS Announces Another Rate Increase for 2023 Quarter

The IRS announces another rate increase for 2023 quarter

2024 Filing Tax Return Update! The US Tax Adjustments for 2023

Real Case-Prosecution for Filing False Tax Returns and Failing to File Report of Foreign Bank and Financial Accounts (FBAR).

When Can I Use Itemized Deductions?

How Do I File US Tax Return If My Spouse Isn’t an American?

2023 U.S. FBAR Penalty Adjustments

US Standard Mileage Rates for 2022

The Beginning of 2023 Tax Filing Season

The Change of 2022 US Tax Credits

Who Should File a 2022 Tax Return In 2023?

US Interest Rates Increase in 2023

The New Rules of the US Form 1099-K in 2023

What Should I Prepare for Filing 2022 US Taxes in 2023?

How to Apply for an US ITIN ?

The Penalty of Failure to File FBAR

Who Needs to Pay the US Self-Employed Tax, Social Security Tax and Medicare Tax?

Is Your US Withholding Tax Being Reasonable?

How to Apply for the U.S. Education Tax Credit?

2023 Who Needs to Pay US Gift Tax?

2023 Filing Tax Return Update

2023 Filing Tax Return UpdateThe US Tax Adjustments for 2022

Do Not Miss Your Child Tax Credit

What is US Home Sale Exclusion?

How to Determine the US Source Wages for Nonresident Aliens?

How to Apply for Your US Tax Records?

How to Apply for Your Tax Records?

How to Calculate U.S. Estimated Tax?

The Important Deadlines for US Tax

Know the Signs of the U.S. Identity Theft, Phishing and Online Scams

The 2022 Deadline for Filing Your 2021 U.S. Tax Return and FBAR

The Effect of the Inflation Reduction Act to Taxpayers

Who Should Pay Estimated Tax? What Are the Advantages of Estimated Taxes?

7 key items commonly addressed in an LLC Operating Agreement

Who Says IRS Only Cares for Celebrities?

3 Reasons Why U.S. Company Names Can't Be Used in Delaware

Compare Different Business Structure Taxes

Common Business Structures in America

What Should I Prepare to Set Up a US Company?

Do I still need to file a tax return with zero U.S. taxes?

What Should I Do If IDid Not Receive the Third Economic Impact Payment?

What Should I Do If I Did Not Receive the Third Economic Impact Payment?

AmI a U.S. Resident Alien? How Do I Calculate the 183 Days Living in U.S.?

Am I a U.S. Resident Alien? How Do I Calculate the 183 Days Living in U.S.?

What Should I Do If My Bank Asked Me toComplete a Form W9?

What Should I Do If My Bank Asked Me to Complete a Form W9?

Who Should File a 2021 Tax Return In 2022?

Updates to your 2021 IRS Standard Deduction

IRS 2021 Income Tax Brackets, Updates to Your 2021 Tax Return for Filing in 2022

How Much Estate and Gift Tax Exemption Do I have? Give Away the Gift Before 2026!

According to IRS regulation, each US citizen has gift tax exemption in whole life.

Who Pays US Gift Tax?

The gift tax may happen when the transfer of property by one individual to another, whether the donor intends the transfer to be a gift or not.

Who Must File Form 8854 to the IRS?

after abandoning the status as a lawful permanent resident (LPR) of the United States.

How to Determine a Long-Term Resident of USA?

You are a long-term resident if you have been a green card holder in at least 8 calendar years of the last 15 tax years.

October 15, 2021 The Deadline for Filing Your U.S. Tax Return

USCPA Sophie Luo (羅霞) reminds you that the October 15 deadline of filing your tax return is around the corner.

IRS Announced That Tax Day for Individuals Are Extended to May 17, 2021.

Individual taxpayers do not need to file any forms or call the IRS to qualify for this automatic federal tax filing and payment relief.

When Can I File 2020 Federal Income Tax Return?

The IRS announced that it will start accepting and processing 2020 individual tax returns on February 12, 2021.As a reminder, the IRS started accepting business tax returns on January 8.

What Should I do If I Didn’t Receive Economic Impact Payments?

In 2020, taxpayers who received economic impact payment also received the notice 1444 from IRS.

What Should I Prepare for Filing 2020 US Taxes in 2021?

The Internal Revenue Service encouraged taxpayers to take action to get ready for the upcoming tax filing season.

Does My US Child Need to File Taxes?

Many moms choose to give births in US, so that their children will be US citizens.

Your Name(s) on Form 1099 and 10422 CAN’T Be Wrong!

USCPA Sophie Luo (羅霞) reminds you that if you trade in security or fund in U.S., your bank or broker will give you form 1099 or form 1042.

What Should I Do if I Didn’t File US Taxes Before?

If you didn’t file U.S. tax return before, you may face financial penalties when IRS reached out to you.

IRS Income Tax Brackets, Updates to Your 2020 Tax Return for Filing in 2021

most ordinary income: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.

The FBAR Due Date Are Extended to October 31, 2020.

FinCEN has issued a statement that the Foreign Bank Accounts Report (FBAR) deadline for 2019 has been moved from Oct 15 (today) to October 31, 2020.

The Importance of U.S. Company Bookkeeping and Five Benefits

3. No area limited. Mobility and remote access to your account data and bookkeeping support.

When will I get my 2019 tax refund?

For the most part, the IRS issues most refunds 21 days or more since you e-filed, 6 weeks or more since you mailed your return.

What Should I Do to Return the Stimulus Payment Received in Error?

IRS confirmed that some economic impact payments were sent by mistake.

SBA Disaster Assistance for small businesses in Response to the Coronavirus 2020

Due to the Coronavirus (COVID-19) outbreak.

Who is eligible for the economic impact payment?

The Internal Revenue Service announced on 30th March that for the economic impact by coronavirus, there will be the amount 500 billion economic impact payments distributed to people.

The Federal Income Tax Filing and Federal Income Tax Payments Due Date Are Extended to July 15

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief.

Who Should File A Tax Return In 2020?

c. You are not U.S. citizen or resident alien, and not having green card but you have income from all sources within of U.S.

What Is Standard Deduction? Can I Reduce My Return Tax?

The Internal Revenue Service (IRS) standard deduction is a specific dollar amount that reduces the amount of income you have to pay taxes on.

Updates to Your 2019 Tax Return for Filing in 2020

most ordinary income: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.

What Types of Assets Should I Report on FATCA?

According to the regulations of IRS, If you have to file FATCA, you must use Form 8938 (Statement of Specified Foreign Financial Assets) to make your disclosure to the IRS.

FATCA?Who Must File a FATCA Form?

If you match any of the following conditions.

Which Accounts Must You Report on an FBAR?

In general, deposit accounts such as checking and savings accounts, investment accounts, and most pension and retirement accounts are FBAR-reportable.

How to Report the Value of Foreign Financial Accounts?

Who Must File the FBAR?

What are the penalties for US taxpayers who failure-to-file and failure-to-pay US taxes?

Did You Meet the US Tax Deadline?

Do American-born babies have to pay US taxes?

After the new tax reform, the investment immigrants in the scheduled period must also declare the US personal income tax.

Tax knowledge you must know to give up US citizenship

Compare old and new tax laws with tax planning

From January to April, all accounting firms will enter the sprint phase of helping customers file tax returns.

Never worry again if your US Expat Taxes are done right

Let us take the hassle out of filing your US expat taxes so you can get back to your adventure abroad.