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?
Read articleArticles
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.
Read articleOwn 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.
Read articleWhat 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).
Read articlePreparing 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.
Read articleDemystifying 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.
Read articleIRS 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.
Read articleA 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.
Read articleDo 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.
Read articleTax 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.
Read articleCaring 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.
Read articleIf 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.
Read articleHow 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.
Read articleDoes 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.
Read articleWho Needs to File IRS Form 3520?
You are required to file if you meet any of the following conditions within a tax year:
Read articlePractical 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.
Read articleManage 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.
Read articleIf 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.
Read articleDoes 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.
Read articleTrump 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!
Read articleDon'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
Read articleThinking of Renouncing Your U.S. Status? Beware of the Astronomical "Exit Tax"!
Who is subject to the Exit Tax?
Read articleU.S. Estate and Gift Taxation
The U.S. estate and gift tax system is essentially a "single tax" framework
Read articleParents 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?
Read articleExpense 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
Read articleStep One in Filing Taxes: Choose the Right Filing Status
Step One in Filing Taxes: Choose the Right Filing Status
Read articleTaiwan Parent Company + US Subsidiary: How to Handle Taxes?
Taiwan Parent Company + US Subsidiary: How to Handle Taxes?
Read articleForm 4868 Extension Application: How‑to and Limitations
Form 4868 Extension Application: How‑to and Limitations
Read articleThe IRS Promotes Online Service Upgrades! Encouraging Taxpayers to Utilize IRS.gov Self-Service Tools
The IRS Promotes Online Service Upgrades! Encouraging Taxpayers to Utilize IRS.gov Self-Service Tools
Read articleMastering Lease Accounting & Its Accounting Treatments
Mastering Lease Accounting & Its Accounting Treatments
Read articleHSA (Health Savings Account) Tax Filing Guide! Key U.S. Tax Highlights Explained!
HSA (Health Savings Account) Tax Filing Guide! Key U.S. Tax Highlights Explained!
Read articleWhat Should You Do If You Accidentally Fail to Report Foreign Financial Assets? Never Do a "Quiet Disclosure"!
What Should You Do If You Accidentally Fail to Report Foreign Financial Assets? Never Do a "Quiet Disclosure"!
Read articleAttention Unreported FBAR Holders! U.S. & Taiwan Discuss Enhanced Data Exchange; AI Enforcement Escalates
Attention Unreported FBAR Holders! U.S. & Taiwan Discuss Enhanced Data Exchange; AI Enforcement Escalates
Read articleUS Government to Intensify Crackdown on Hidden Foreign Income & Welfare Fraud Starting in 2026
US Government to Intensify Crackdown on Hidden Foreign Income & Welfare Fraud Starting in 2026
Read articleThree Common Penalties for U.S. Individual Income Tax
Three Common Penalties for U.S. Individual Income Tax
Read articleIRS Announces Tax Season Will Begin Jan. 26
IRS Announces Tax Season Will Begin Jan. 26
Read articleKey Tax Considerations for Qualifying Widow(er) / Surviving Spouse Filing Status
Key Tax Considerations for Qualifying Widow(er) / Surviving Spouse Filing Status
Read articleU.S.-Made Vehicle Loan Interest Deduction
U.S.-Made Vehicle Loan Interest Deduction
Read articleHow to report the sale of a home on US taxes?
How to report the sale of a home on US taxes?
Read articleCan a U.S. Entity Change Its Tax Classification After Formation?
Can a U.S. Entity Change Its Tax Classification After Formation?
Read articleKey Tax Filing Deadlines for January 2026
Key Tax Filing Deadlines for January 2026
Read articleNeed to Reclaim Tax Credits? Understand the Key Form 8862
Need to Reclaim Tax Credits? Understand the Key Form 8862
Read articleTypes of U.S. Companies and Key Tax Considerations
Types of U.S. Companies and Key Tax Considerations
Read articleMaximizing Your 2025 Standard Deduction for Seniors
Maximizing Your 2025 Standard Deduction for Senior
Read articleKey U.S. Tax Considerations for Students Studying
Key U.S. Tax Considerations for Students Studying
Read articleIRS 2025 Criminal Investigation Report
IRS 2025 Criminal Investigation Report
Read articleSearching for U.S. Certified Public Accountants in Taiwan
Searching for U.S. Certified Public Accountants in Taiwan
Read articleWorking Overseas? This Form Can Help You Save on Taxes!
Working Overseas? This Form Can Help You Save on Taxes!
Read articleHow to Organize Your U.S. Tax Documents
How to Organize Your U.S. Tax Documents
Read articleHealth Savings Accounts (HSAs) Offer Triple Tax Advantage!
Health Savings Accounts (HSAs) Offer Triple Tax Advantage!
Read articleWhat to Do If the IRS Requests Additional Tax Payment
What to Do If the IRS Requests Additional Tax Payment
Read articleNew Overtime Deduction Available for U.S. Wage Earners in 2025
New Overtime Deduction Available for U.S. Wage Earners in 2025
Read articleRegulations of U.S. Amended Tax Return
Regulations of U.S. Amended Tax Return
Read articleU.S. Tax Guide for Holding and Trading Virtual Currencies
U.S. Tax Guide for Holding and Trading Virtual Currencies
Read articleSelling a house in the US? Don’t get lost in tax forms!
Selling a house in the US? Don’t get lost in tax forms!
Read articleAbout the Streamlined Procedures
About the Streamlined Procedures
Read articleImportant Form 5472 Filing Requirements for U.S. Companies!
Important Form 5472 Filing Requirements for U.S. Companies!
Read articleIRS Reminder: Payment Plan Options Are Available for Taxpayers Who Owe
Payment Plan Options Are Available for Taxpayers Who Owe
Read articleForm 5471 Filed? Key International Tax Compliance for U.S. Shareholders
Form 5471 Filed? Key International Tax Compliance for U.S. Shareholders
Read articleWhat Is a 401(k)? A Quick Guide to the Most Common U.S. Retirement Savings Account
What Is a 401(k)? A Quick Guide to the Most Common U.S. Retirement Savings Account
Read articleWhat Is Form 1040-X?
What Is Form 1040-X?
Read articleIRS encourages taxpayers to check withholding now for next year
IRS encourages taxpayers to check withholding now for next year
Read articleHow to Avoid U.S. Tax Fraud?
How to Avoid U.S. Tax Fraud?
Read articleCan I get a Tax Credit for Buying a Tesla in the U.S.?
Can I get a Tax Credit for Buying a Tesla in the U.S.?
Read article2026 U.S. Business Tax Filing: Key Dates & Smart Strategies
2026 U.S. Business Tax Filing: Key Dates & Smart Strategies
Read articleA Complete Guide to Key Deadlines for Filing 2025 U.S. Taxes in 2026
A Complete Guide to Key Deadlines for Filing 2025 U.S. Taxes in 2026
Read articleWho Can Claim the U.S. Earned Income Tax Credit (EITC)?
Who Can Claim the U.S. Earned Income Tax Credit (EITC)?
Read articleU.S. Tax Filing—Overlooked Strategies for Potential Savings！
U.S. Tax Filing—Overlooked Strategies for Potential Savings！
Read articleWhat is a PIN for U.S. taxes?
What is a PIN for U.S. taxes?
Read articleIRS Announces Interest Rates for the First Quarter of 2026
IRS Announces Interest Rates for the First Quarter of 2026
Read articleThe IRS has announced updated retirement contribution limits for tax year 2026.
IRS has announced updated retirement contribution limits for tax year 2026.
Read articleHave Foreign Assets? Form 3520 is a Key Part of Your Tax Filing. Don't Overlook It!
Have Foreign Assets? Form 3520 is a Key Part of Your Tax Filing. Don't Overlook It!
Read articleKey Changes to U.S. Tax Rules for 2025: What You Need to Know
Key Changes to U.S. Tax Rules for 2025: What You Need to Know
Read articleHow to Write a Check to Pay U.S. Taxes?
How to Write a Check to Pay U.S. Taxes
Read articleTime you can claim a credit or refund
Time you can claim a credit or refund
Read articleIRS Tips to Help Taxpayers Make Sure Their Donations Go to Legitimate Charities
IRS Tips to Help Taxpayers Make Sure Their Donations Go to Legitimate Charities
Read articleUse the “Where’s My Refund?” Tool to Track Refund Status
Use the “Where’s My Refund?” Tool to Track Refund Status
Read article2025 U.S. FBAR Penalty Adjustments
2025 U.S. FBAR Penalty Adjustments
Read articleDo You Need to File Taxes on Social Security Income?
Do You Need to File Taxes on Social Security Income?
Read articleCommon Questions About Form 1099-K
Common Questions About Form 1099-K
Read article2026 Filing Tax Return Update! The US Tax Adjustments for 2025
2026 Filing Tax Return Update! The US Tax Adjustments for 2025
Read articleWho Needs to File Form 1116 When Filing Taxes?
Who Needs to File Form 1116 When Filing Taxes?
Read articleIRS 2025 Third Quarter Interest Rates
IRS 2025 Third Quarter Interest Rates
Read articleWhat are the tax obligations for a U.S. citizen?
What are the tax obligations for a U.S. citizen?
Read articleTrump's Tax Cut Bill: Key Provisions Analysis
Trump's Tax Cut Bill: Key Provisions Analysis
Read articleHow Do Married Couples File U.S. Taxes?
How Do Married Couples File U.S. Taxes?
Read articleThe U.S. OBBB Act Tax Highlights
The U.S. OBBB Act Tax Highlights
Read articleDo You Own Taiwan ETFs? You Might Need to File IRS Form 8621!
Do You Own Taiwan ETFs? You Might Need to File IRS Form 8621!
Read articleThe Deadline of Beneficial Ownership Information Report
The Deadline of Beneficial Ownership Information Report
Read articleIRS Warns Taxpayers to Beware of Tax Schemes Involving Donations
IRS Warns Taxpayers to Beware of Tax Schemes Involving Donations
Read articleWho Should File a 2024 Tax Return In 2025?
Who Should File a 2024 Tax Return In 2025?
Read article2025 Filing Tax Return Update! The US Tax Adjustments for 2024
2025 Filing Tax Return Update! The US Tax Adjustments for 2024
Read articleWhat is Beneficial Ownership Information (BOI) Report?
What is Beneficial Ownership Information (BOI) Report?
Read articlehe Deadline of Applying for US Stimulus Payments!
The Deadline of Applying for US Stimulus Payments!
Read article2024 U.S. FBAR Penalty Adjustments
2024 U.S. FBAR Penalty Adjustments
Read articleThe 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!
Read articleWhat Should I Prepare for Filing 2023 US Taxes in 2024?
What Should I Prepare for Filing 2023 US Taxes in 2024?
Read article2024 US Tax Filing Season Begins on January 29!
2024 US Tax Filing Season Begins on January 29!
Read article2023 IRS Income Tax Brackets, Updates to Your 2023 Tax Return for Filing in 2024
2023 IRS Income Tax Brackets, Updates to Your 2023 Tax Return for Filing in 2024
Read articleJanuary 16, The Deadline for the 2023 Fourth-Quarter Estimated Tax Payment.
January 16, The Deadline for the 2023 Fourth-Quarter Estimated Tax Payment
Read articleThree Steps of Renouncing U.S. Citizenship
Three Steps of Renouncing U.S. Citizenship
Read articleFrequently Asked Questions of US Taxes for New Green Card Holders
Frequently Asked Questions of US Taxes for New Green Card Holders
Read articleAssessing the Need for U.S. Estimated Tax Payments
Assessing the Need for U.S. Estimated Tax Payments
Read articleThe IRS Announces Another Rate Increase for 2023 Quarter
The IRS announces another rate increase for 2023 quarter
Read article2024 Filing Tax Return Update! The US Tax Adjustments for 2023
2024 Filing Tax Return Update! The US Tax Adjustments for 2023
Read articleReal Case-Prosecution for Filing False Tax Returns and Failing to File Report of Foreign Bank and Financial Accounts (FBAR).
Real Case-Prosecution for Filing False Tax Returns and Failing to File Report of Foreign Bank and Financial Accounts (FBAR).
Read articleWhen Can I Use Itemized Deductions?
When Can I Use Itemized Deductions?
Read articleHow Do I File US Tax Return If My Spouse Isn’t an American?
How Do I File US Tax Return If My Spouse Isn’t an American?
Read article2023 U.S. FBAR Penalty Adjustments
2023 U.S. FBAR Penalty Adjustments
Read articleUS Standard Mileage Rates for 2022
US Standard Mileage Rates for 2022
Read articleThe Beginning of 2023 Tax Filing Season
The Beginning of 2023 Tax Filing Season
Read articleThe Change of 2022 US Tax Credits
The Change of 2022 US Tax Credits
Read articleWho Should File a 2022 Tax Return In 2023?
Who Should File a 2022 Tax Return In 2023?
Read articleUS Interest Rates Increase in 2023
US Interest Rates Increase in 2023
Read articleThe New Rules of the US Form 1099-K in 2023
The New Rules of the US Form 1099-K in 2023
Read articleWhat Should I Prepare for Filing 2022 US Taxes in 2023?
What Should I Prepare for Filing 2022 US Taxes in 2023?
Read articleHow to Apply for an US ITIN ?
How to Apply for an US ITIN ?
Read articleThe Penalty of Failure to File FBAR
The Penalty of Failure to File FBAR
Read articleWho Needs to Pay the US Self-Employed Tax, Social Security Tax and Medicare Tax?
Who Needs to Pay the US Self-Employed Tax, Social Security Tax and Medicare Tax?
Read articleIs Your US Withholding Tax Being Reasonable?
Is Your US Withholding Tax Being Reasonable?
Read articleHow to Apply for the U.S. Education Tax Credit?
How to Apply for the U.S. Education Tax Credit?
Read article2023 Who Needs to Pay US Gift Tax?
2023 Who Needs to Pay US Gift Tax?
Read article2023 Filing Tax Return Update
2023 Filing Tax Return UpdateThe US Tax Adjustments for 2022
Read articleDo Not Miss Your Child Tax Credit
Do Not Miss Your Child Tax Credit
Read articleWhat is US Home Sale Exclusion?
What is US Home Sale Exclusion?
Read articleHow to Determine the US Source Wages for Nonresident Aliens?
How to Determine the US Source Wages for Nonresident Aliens?
Read articleHow to Apply for Your US Tax Records?
How to Apply for Your Tax Records?
Read articleHow to Calculate U.S. Estimated Tax?
How to Calculate U.S. Estimated Tax?
Read articleThe Important Deadlines for US Tax
The Important Deadlines for US Tax
Read articleKnow the Signs of the U.S. Identity Theft, Phishing and Online Scams
Know the Signs of the U.S. Identity Theft, Phishing and Online Scams
Read articleThe 2022 Deadline for Filing Your 2021 U.S. Tax Return and FBAR
The 2022 Deadline for Filing Your 2021 U.S. Tax Return and FBAR
Read articleThe Effect of the Inflation Reduction Act to Taxpayers
The Effect of the Inflation Reduction Act to Taxpayers
Read articleWho Should Pay Estimated Tax? What Are the Advantages of Estimated Taxes?
Who Should Pay Estimated Tax? What Are the Advantages of Estimated Taxes?
Read article7 key items commonly addressed in an LLC Operating Agreement
7 key items commonly addressed in an LLC Operating Agreement
Read articleWho Says IRS Only Cares for Celebrities?
Who Says IRS Only Cares for Celebrities?
Read article3 Reasons Why U.S. Company Names Can't Be Used in Delaware
3 Reasons Why U.S. Company Names Can't Be Used in Delaware
Read articleCompare Different Business Structure Taxes
Compare Different Business Structure Taxes
Read articleCommon Business Structures in America
Common Business Structures in America
Read articleWhat Should I Prepare to Set Up a US Company?
What Should I Prepare to Set Up a US Company?
Read articleDo I still need to file a tax return with zero U.S. taxes?
Do I still need to file a tax return with zero U.S. taxes?
Read articleWhat 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?
Read articleAmI 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.?
Read articleWhat 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?
Read articleWho Should File a 2021 Tax Return In 2022?
Who Should File a 2021 Tax Return In 2022?
Read articleUpdates to your 2021 IRS Standard Deduction
Updates to your 2021 IRS Standard Deduction
Read articleIRS 2021 Income Tax Brackets, Updates to Your 2021 Tax Return for Filing in 2022
IRS 2021 Income Tax Brackets, Updates to Your 2021 Tax Return for Filing in 2022
Read articleHow 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.
Read articleWho 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.
Read articleWho Must File Form 8854 to the IRS?
after abandoning the status as a lawful permanent resident (LPR) of the United States.
Read articleHow 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.
Read articleOctober 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.
Read articleIRS 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.
Read articleWhen 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.
Read articleWhat 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.
Read articleWhat 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.
Read articleDoes My US Child Need to File Taxes?
Many moms choose to give births in US, so that their children will be US citizens.
Read articleYour 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.
Read articleWhat 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.
Read articleIRS 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.
Read articleThe 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.
Read articleThe Importance of U.S. Company Bookkeeping and Five Benefits
3. No area limited. Mobility and remote access to your account data and bookkeeping support.
Read articleWhen 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.
Read articleWhat Should I Do to Return the Stimulus Payment Received in Error?
IRS confirmed that some economic impact payments were sent by mistake.
Read articleSBA Disaster Assistance for small businesses in Response to the Coronavirus 2020
Due to the Coronavirus (COVID-19) outbreak.
Read articleWho 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.
Read articleThe 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.
Read articleWho 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.
Read articleWhat 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.
Read articleUpdates 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.
Read articleWhat 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.
Read articleFATCA?Who Must File a FATCA Form?
If you match any of the following conditions.
Read articleWhich 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.
Read articleHow to Report the Value of Foreign Financial Accounts?
How to Report the Value of Foreign Financial Accounts?
Read articleWho Must File the FBAR?
Who Must File the FBAR?
Read articleWhat are the penalties for US taxpayers who failure-to-file and failure-to-pay US taxes?
What are the penalties for US taxpayers who failure-to-file and failure-to-pay US taxes?
Read articleDid You Meet the US Tax Deadline?
Did You Meet the US Tax Deadline?
Read articleDo American-born babies have to pay US taxes?
Do American-born babies have to pay US taxes?
Read articleAfter the new tax reform, the investment immigrants in the scheduled period must also declare the US personal income tax.
After the new tax reform, the investment immigrants in the scheduled period must also declare the US personal income tax.
Read articleTax knowledge you must know to give up US citizenship
Tax knowledge you must know to give up US citizenship
Read articleCompare 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.
Read articleNever 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.
Read article