Category: General
Form 1099-MISC: Urgent Reasons You Need To File
Oct 06, 2023
Form 1099-MISC, also known as Miscellaneous Information, is an IRS form used for specific types of miscellaneous income paid to individuals or entities. This form ensures that various sources of income, from rent…
Form 1099-NEC: Common Mistakes to Avoid for Error-Free Filing
Sep 27, 2023
The IRS Form 1099-NEC, or Nonemployee Compensation form, is a tax form that businesses use to report payments made to individuals who are not their employees. This includes independent contractors, freelancers, and service…
IRS SS-4 Form: How to Avoid Common Mistakes and Prevent IRS Trouble
Sep 20, 2023
Running a business involves many forms and paperwork, but there’s one thing you can’t afford to ignore – the IRS SS-4 form. While it’s a simple form, it’s essential for filing your taxes,…
How to Unlock Hidden Savings with Form 8829
Sep 06, 2023
As a small business owner or self-employed individual, you’re entitled to various deductions that can significantly reduce your tax liability. One such valuable deduction is the Home Office Deduction, which you can claim…
Can I File My LLC And Personal Taxes Separately? Practical Info You Need To Know
Aug 24, 2023
As a business owner, one of the most important financial responsibilities you will face is filing taxes. If you are running a Limited Liability Company (LLC), you might ask yourself ‘’can I file…
IRS Lock-in Letter: How to Handle It if You Receive One?
Aug 15, 2023
Getting a letter from the IRS can make anyone worry, but one type of letter called the “Lock-in letter” might not be familiar. This letter doesn’t imply debt, but it’s important because the…
Top 10 Expat Resource Directories and the Reasons Why They Are Essential for Expatriates
Aug 03, 2023
Moving to a foreign country as an expatriate can be an exciting yet challenging experience. The challenges of adjusting to a new culture, overcoming language barriers, making new friends, and navigating bureaucratic processes…
How to E-File Your FBAR For the First Time
Jul 26, 2023
If you are a US taxpayer, it is critical that you understand your filing and reporting obligations. One important requirement is the Foreign Bank and Financial Accounts Report (FBAR). Failing to follow FBAR…
The Most Common FBAR Mistakes You Need To Avoid
Jul 19, 2023
Tax laws can be confusing, and matters can become even trickier when foreign financial accounts are added to the equation. If you are a US individual with non-US assets or accounts, one crucial…
How to Best Avoid Paying Taxes as an Independent Contractor
Jul 04, 2023
Being an independent contractor comes with numerous benefits, such as flexible schedules and greater control over your work. However, it also entails additional responsibilities, including managing your own taxes. It is true that…