Tag: tax filing
How to Deal with IRS CP59 Notice For High-Income Non-Filers
May 27, 2024
If you’re a U.S. person earning over $400,000 and haven’t filed for years, you might soon receive an IRS CP59 notice. This notice calls for immediate action. You must either submit your tax…
How to Report Cash Payments Over $10000 with IRS Form 8300
May 17, 2024
Despite the rise of electronic payments, cash transactions persist in business. While they offer convenience, they present challenges during tax preparation. The IRS is cautious because verifying them is more challenging, and there…
5 Simple Steps to Fix Rejected Tax Returns
Apr 29, 2024
You spent days, perhaps even months, wrestling with receipts, forms, and numbers to prepare your tax return. After countless hours of hard work, you finally completed it. You breathed a sigh of relief…
7 Smart Tax-Saving Strategies for High-Income Earners
Apr 04, 2024
Earning a high income has advantages, but it can also put you in a higher tax bracket. This means the government takes more of the money you worked hard for. Thus, it is…
The Difference Between Taxable Income vs. Nontaxable Income: Valuable Information You Need To Know Now
Mar 24, 2022
Not all kinds of income are taxable; the IRS considers some as tax-free. Find out their differences and the types of income they cover in this article.
Here Is What Happens When You Make a Tax Filing Error and How to Resolve
Mar 11, 2022
Making a tax filing error can easily make you panic. You may think that committing a mistake in your personal, income, or tax credit information will cause issues. However, this is not true,…
7 Important Tax Filing Tips You Need To Know for Digital Nomads
Feb 02, 2022
Just as tax filing can be overwhelming for U.S. expats, it’s the same for digital nomads. Here are some tips and tricks to help you with your digital nomad tax responsibilities.
Here’s How You Can Determine Your Tax Bracket
Oct 18, 2021
Tax brackets are important when you calculate your taxes, so it's best that you understand what they are. Here's a quick guide on how you can find your bracket.
Tax Filing 101 for U.S. Expats Living Abroad
Mar 23, 2021
This guide will discuss 10 things every expat should know when tax filing. Need help settling your liabilities? Contact us for expat tax preparation services.
Common Tax Mistakes U.S. Expats Should Avoid
Mar 09, 2021
Taxes can be confusing, but you still need to file them even if you live abroad. Here are the most common tax mistakes U.S. expats make and how to avoid them.