Whin GlobalJun 30, 20214 minAmericans living abroad and tax filing deadlinesAmericans living abroad who are required to file a US tax return must submit Form 1040 by June 15. Extension is available for expats
Whin GlobalJun 30, 20214 minAdvance Child Tax Credit Payments in 2021Do I qualify for the 2021 advance tax credit monthly payments? Most taxpayers with children aged 17 or under may qualify.
Whin GlobalMar 14, 20213 minHow are Nonresident aliens taxed in the United States?US nonresident aliens are generally taxed on US source income. Is your income taxable in the U.S.? You may be exempt and get a tax refund.
Whin GlobalMar 10, 202110 minForeign Earned Income Exclusion: Explanations and Plans?I am going to travel abroad as an expat or digital nomad, do I qualify for the foreign earned income exclusion? PPT or BFR under IRC §911
Whin GlobalJan 13, 20214 minKey Year-end Tax Provisions & Covid-19 Reliefs Summary of the key tax provisions impacting individual and businesses contained in the year-end coronavirus relief in the CAA, 2021 H.R. 133
Whin GlobalNov 17, 20204 minAre American expats required to file a U.S. tax return?Do I have to file a US tax return? Should I file a US tax return? Can I file my tax by myself?
Whin GlobalAug 3, 20203 minWhat taxpayers should do if they get a letter or notice from the IRS?IRS sends tax notices and letters to taxpayers for many different reasons. How do I know they are from the IRS? How to handle IRS letters?
Whin GlobalJul 31, 202010 minCoronavirus reliefs for individuals & businessesThe COVID-19 tax relief provisions include $1200 checks, retirement distribution, student loans, IRS tax debts, charitable deductions, etc.
Whin GlobalJan 3, 20207 minNonresident Aliens: Federal tax withholding from 401(k) and annuity payments Payments received from a tax deferred retirement plan by a nonresident alien may be subject to 30% federal tax withholding.
Whin GlobalSep 24, 20193 minRental real estate - Safe harbor rules for Qualified Business income deductionThe IRS Rev. Proc. 2019-38 safe harbor rules allow certain rental real estates to qualify as businesses for QBI deduction under Sec. 199A
Whin GlobalSep 16, 20195 minUS Citizens Living Abroad And Taxes – A Quick Expat Tax GuideU.S. citizens or resident aliens are subject to tax on their worldwide income. How to avoid double taxation? How Do I file a US return?
Whin GlobalAug 13, 20195 minS Corporation: How stock basis affects distribution?Shareholders report their flow-through of income and losses of an S corp. Track your basis to report your distributions on your Form 1040.
Whin GlobalJul 22, 20192 minFrench CSG and CDRS are now foreign income tax creditable, IRS says.The IRS will no longer challenge foreign tax credits for CSG and CRDS payments on the basis that the totalization agreement applies to...
Whin GlobalJul 21, 20194 minForeign Earned Income Exclusion Information For US Citizen ExpatsUS citizens and Green Card holders living abroad may have to file a tax return. FEIE is a lifesaver for many expats due to its tax benefits.
Whin GlobalJun 20, 20194 minITINs to expire in 2019: Renew to avoid refund delays in 2020You need an ITIN for tax filing or payment obligations under U.S. law if you are not eligible for a social security number
Whin GlobalJun 5, 20198 minWhat Americans Living Abroad Need to Know About Filing Taxes for Expats?Americans living abroad need to know about their US tax filing obligations. Read about when, where, what, and how to file a U.S. tax return?
Whin GlobalJan 24, 20194 minAre you required to file an FBAR Form Fincen114 or FATCA Form 8938?If you have any interest in or signature authority over foreign financial assets, you may be required to file form Forms Fincen114 & 8938.
Whin GlobalJan 19, 20195 minAre Roth IRAs Distributions Taxable?Roth IRA distributions must be qualified and meet the two five-year rules to be tax free.
Whin GlobalDec 7, 20184 minAre There Any Reportable and Taxable Gains For Selling a home?The tax consequences of selling a house located in the US depend on many factors. The below doesn't apply to you if you were NOT a U.S....
Whin GlobalOct 26, 20183 minCombat-zone contract workers qualify for foreign earned income exclusionU.S. citizens or resident aliens expats contractors or employees of contractors working abroad are subject to taxes on their worldwide...
Whin GlobalSep 14, 20182 minUS/Brazil Social Security Totalization Agreement: October 1, 2018!The purpose of a Totalization agreement is generally to ensure that international employee falls under one social system only (home or...
Whin GlobalAug 17, 20185 minWhat are the impact of the 2018 Tax Reform on your individual tax return?The recently enacted Tax Cuts and Jobs Act (TCJA) has altered the tax landscape for a lot of individuals and businesses. Due to the...
Whin GlobalJun 16, 20182 minAre you required to file a U.S. tax return?Americans living or working outside of the United States must file a U.S. income tax return unless you do not meet the filing...
Whin GlobalJun 16, 20182 minMinimum Essential Healthcare Coverage and US taxesACA: Starting 2019, there is no longer shared responsibility payment penalties if you not have a healthcare minimum essential coverage.