Topics
Blog
Reporting Additional Taxes on Qualified Plans With US Tax Form 5329
Break the rules on your 401k? This form is how you tell the IRS "I'll pay the penalty but I'm not trying to break the…
U.S. Tax Form 56 and Fiduciary Relationship Concerns: Does This Matter Concern You?
A tax form with just two numbers? Not a cause for concern. U.S. Tax Form 56, also known as Notice Concerning Fiduciary Relationship, is a…
State Withholding on W2: U.S. Wage and Tax Statement
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2023/08/Understanding_W-2_State_Withholding.mp4"][/video] The W-2 Form (AKA Wage and Tax Statement) is how you, as an employee, report your income for the previous tax…
The Basics of the Foreign Tax Credit: What It’s For, How to Claim It, and What Else an Expat Needs to Know
This is the the part of Eat, Pray, Love Julia Roberts didn’t show you. Like she was made to live in a faux-inspirational Hallmark movie,…
Explain Form 2439: When Undistributed Long-Term Capital Gains Are Good News for Shareholders
Every 1099-DIV means you owe some new taxes. Well, this is the opposite. If you sell an asset you've held for a year or two,…
Completing IRS Form 433D for Your Direct Debit Installment Agreement
A form for direct debit. Does the IRS have a form for taking Apple Pay? If you are a self-employed individual or a business owner…
What Is Form 2210? The Underpayment Penalty And Who Must File It
They're not called "Guessimated" Tax Payments for a reason. Check your tax math! If you find yourself owing taxes when you file your tax returns,…
Your Guide to the Foreign Earned Income Exclusion: How It Works and Which U.S. Expatriates It Applies To
Landing that dream job overseas doesn't mean paying both taxes - but it doesn't mean you can skip. The Foreign Earned Income Exclusion can be…
