I am an IRS-authorized EA and principal of a Tax Preparation firm focusing on U.S. Expatriates. We specialize in all tax issues faced by American citizens living abroad - such as foreign earned income, tax treaties, foreign spouse, etc. Visit our website - www.TaxesForExpats.com - for more information.
18 years professional tax experience, 12 with expatriate taxes.
Expatriate tax information on www.TaxesForExpats.com
MBA from Zicklin School Of Business, IRS Enrolled Agent
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That's a great question. The IRS accepts only cash for payment of taxes. Methods of cash transfer include check, credit card payment, wire transfer - but eventually the taxpayer (business entity or
When you sell the apartment you will pay tax on capital gains. The advantage of the inherited property that cost basis for calculation of capital gains is a "step-up" - i.e., fair market price on the
Dear Alenka, You don't have to pay tax on foreign inheritance but you must report it to the IRS on form 3520. See https://www.taxesforexpats.com/faq.html#121 Hope this helps I.J.Zemelman, EA
Hello, Not every child born abroad to the U.S. mother automatically becomes a U.S. citizen. Consult the U.S. Embassy in Canada to find out whether your children qualify for U.S. citizenship. It depends
Dear Sean, Compensation for lost wages reported on form W-2 is income effectively connected and thus taxable to you. Income reported on 1099 will be treated differently. Whether it is taxable or
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