Tax Samaritan’s tax resources pages are the source for the information you need, from tax tips and relevant articles in our blog to tax tools, such as tracking your tax refund and to filing requirements. If you’re dealing with a new life event this year, like a new child, read on in this area to learn more about how this changes your tax situation.
Please feel free to contact your Tax Samaritan tax professional for answers to your specific tax situation.
IRS Form 1042-S Companies and organizations use Form 1042-S to report income that they have paid to foreign workers. It is also used to report how much money was withheld for taxes. This form is similar to the W-2 that is provided to residents of the United States that are employed. The 1042-S form from … Continue reading Guide To IRS Tax Form 1042-S
What You Need To Know About The 1042-S Form The 1042-S Form is used to report amounts paid to foreign persons (including persons presumed to be foreign) that are subject to income tax withholding, even if no amount is deducted and withheld from the payment because of a treaty or exception to taxation, or if any … Continue reading 1042-S Form – What You Need To Know
US Tax Advice When Teaching Abroad Teaching abroad can be a very exciting and immersive experience to a new culture and is a tempting opportunity for a lot of U.S. teachers. As an American teacher working abroad, the rules for filing an income tax return are generally the same whether you are in the United … Continue reading Teaching Abroad and US Taxes
What You Need To Know As An Expat English Teacher When you choose to live and teach outside the United States, you are sure to have a lot of unique experiences that aren’t available to English teachers still living in the U.S. However, living abroad can also complicate certain issues, such as your U.S. income … Continue reading Expat English Teacher – What Every Expat English Teacher Should Know About US Taxes
Tax Tips For TESOL OR TEFL Teacher Overseas Working as a TESOL or TEFL teacher overseas is an exciting adventure that most people will never experience. However, working outside the country can also create tax problems. Unlike most other countries, the United States requires its citizens to file tax returns even if they aren’t living … Continue reading Teacher Overseas – 7 U.S. Tax Tips For TESOL and TEFL Jobs
About The ITIN – Individual Taxpayer Identification Number If you earn money in the United States, whether you are a resident or immigrant (non-resident), documented or undocumented, you will have to file taxes. If you cannot obtain a social security number, then you will need to obtain an Individual Tax Identification Number, also known as … Continue reading ITIN – What You Need To Know About The Individual Taxpayer Identification Number
Guide To Ireland Expat Tax Advice The Tax Samaritan country guide to Ireland Expat Tax advice is intended to provide a general review of the tax environment of Ireland and how that will impact your U.S. expatriate tax return as a U.S. Expat in Ireland. As a U.S. taxpayer, all worldwide income is subject to … Continue reading Ireland Expat Tax
Today a federal court in Montana unsealed an order authorizing the Internal Revenue Service (IRS) to serve a John Doe summons on Michael Behr of Bozeman, Montana, seeking information about U.S. taxpayers who may hold offshore accounts established by Sovereign Management & Legal LTD (SML), a Panamanian entity. Specifically, the IRS is seeking records of … Continue reading Court Authorizes Service of John Doe Summons Seeking the Identities of U.S. Taxpayers Who Have Used Debit Cards in Furtherance of Tax Evasion
Even if you are not a United States citizen, you might still be required to pay U.S. income tax if you have United States investments or have generated U.S. income. Nonresident aliens, or those persons legally present in the United States, but who are not permanent residents, are subject to different rules when it comes … Continue reading 1040NR-Nonresident Alien Income Tax Return
Merrill Lynch has recently been sending letters to many of their US citizen clients living outside the USA saying that their accounts will be closed as of a certain date in the very near future. The letter typically states the following: We have conducted an extensive review of our non-US resident client business to determine … Continue reading Merrill Lynch Closing Brokerage Accounts for US Expats