We Make US Tax Filing & Incorporation A Breeze

Filing your U.S. individual income tax return (Form 1040) involves choosing between taking the standard deduction or itemizing your deductions using Schedule A (Form 1040), Itemized Deductions. Understanding Schedule A is crucial for potentially reducing your taxable income, especially for U.S. residents, non-residents with U.S. source income, and U.S. expats. This guide provides a clear overview of what Schedule A entails. What is Schedule A (Form 1040)? Schedule A is an IRS form attached to your Form 1040 that allows

Investing in US real estate can be a rewarding venture, whether you’re based internationally or a US expatriate managing properties from afar. A crucial aspect of this investment journey involves understanding how the Internal Revenue Service (IRS) classifies your rental income: is it active or passive? This distinction isn’t just a technicality; it fundamentally impacts your US tax obligations, particularly the amount of tax owed and how losses can be utilized. This post will clarify the difference between active and

Paying vendors is a routine part of doing business, but ensuring proper tax compliance, especially when dealing with both US and foreign vendors, can be complex. As businesses increasingly operate globally, understanding your responsibilities regarding vendor tax documentation and reporting is essential to avoid potential penalties and maintain good standing with the IRS. Recently, we’ve seen growing interest in navigating the tax rules surrounding payments to vendors, particularly those based outside the United States. This guide aims to clarify the