Category: Tax Compliance
FATCA Filing – A Guide for Reporting Foreign Assets for Expats
Aug 16, 2024
If your foreign financial assets total exceeds the reporting threshold based on your filing status and whether you live in or outside of the U.S., FATCA reporting requirements will apply. This means that…
How To File a Tax Extension with Form 4868
May 02, 2024
If you’re having trouble meeting the tax filing deadline, you can fill out Form 4868 to ask for an extension. This form lets you push back your federal income tax return deadline until…
Will the IRS take my refund for my student loan in 2024?
Mar 19, 2024
It’s tax season again, and many ask, “Will the IRS take my refund for my student loan in 2024?” Tax refunds can be a source of financial relief for many people. Some use…
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…
Here Is How To File Your Taxes When One Spouse Owns a Business
May 15, 2023
Filing taxes can be overwhelming, especially for married couples when one spouse is a business owner. When tax season comes, couples must make a crucial decision to file their taxes jointly or separately.…