Tax Article Blog

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.

Cuba Income

Cuba Income and US Tax Benefits

March 3, 2016 - Randall Brody

Removal Of Restrictions For Cuba Income The IRS has just released Revenue Ruling 2015-08 that removes restrictions for claiming the foreign tax credit for income taxes paid on Cuba income. In addition, the previous tax rule disallowing Cuba income deferral for income earned through a Controlled Foreign Corporation (CFC) has also been removed. Taxes Imposed … Continue reading Cuba Income and US Tax Benefits

Taxes For Expats

Taxes For Expats

January 30, 2016 - Randall Brody

Taxes For Expats At Tax Samaritan, we are a highly specialized team of Enrolled Agents (EA) that provide U.S. taxes for expats securely with the convenience and quality interaction that you expect from a local professional. If this is your first time abroad, the concept of taxes for expats may have not ever crossed your … Continue reading Taxes For Expats

IRS Form 8938

IRS Form 8938 [Updated 2019]

January 4, 2016 - Randall Brody

IRS Form 8938 – Purpose Of The Form The IRS Form 8938, Statement of Specified Foreign Financial Assets is used to report your specified foreign financial assets if the total value of all the specified foreign financial assets in which you have an interest is more than the appropriate reporting threshold. While there is overlap … Continue reading IRS Form 8938 [Updated 2019]