Guidelines

1040-vs-1040a-vs-1040ez taxes

What Is the Difference Between Tax Forms 1040, 1040a, and 1040ez? (Updated for April 2019)

The IRS tax return form 1040 is a detailed IRS document that allows taxpayers to claim many deductions and credits. Other types of 1040 return are shorter and more manageable. Why should you complete a 1040 instead of a 1040-EZ? Because you could be missing deductions and credits that could lower your taxable income, which …

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Avoid IRS penalties

How to Avoid Receiving the IRS Penalty Notice

Each year, the IRS sends out an approximate 50 million penalty notices. Of 100 million eligible taxpayers, statistically speaking, one out of every two taxpayers will receive a notice. The number of automated tax penalty assessments is also increasing every year, and the trend is very much true among small business, professionals, and expat taxpayers. Statistics …

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Marrying a foreigner will have implications on your tax situation

Married a Foreign Spouse – Tax Filing Status

One of the most frequently asked questions from our expat clients is, “I just married a (German, Dutch, English, etc) husband/wife, how does this affect my tax situation?” As all American citizens bear the tax filing responsibility regardless of their current residence, marrying a non-U.S. citizen can complicate the process. Before deciding anything, the couple …

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Scenarios of Americans working abroad

Two Relatable Tax Scenarios for Americans Working Abroad

For someone seeking the adventure of cultural exchange but bearing the financial responsibility for oneself and others, perhaps an overseas job can be a happy solution. It can be a foreign work assignment, a business opportunity, or a serendipitous whim. But when it comes to the tax situation, the international transfer may not look all …

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