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In a world where virtual meetings are standard, nothing can replace the connection of a physical, in person meeting.

In a world where virtual meetings are standard, nothing can replace the connection of a physical, in person meeting. This is why although...

Jan 30, 20251 min read

How can the IRS enforce taxes & penalties if all your assets are located abroad?

How can the IRS enforce taxes & penalties if all your assets are located abroad? Here is an example: Joe lives in Israel. He has...

Jan 30, 20251 min read

Have you received such a letter and are wondering what this is about? Is it a scam?

Have you received such a letter and are wondering what this is about? Is it a scam? This predatory company scrapes publicly available PPP...

Jan 30, 20251 min read

One thing people tend to forget when it comes to the FBAR (Foreign Bank account reporting):

One thing people tend to forget when it comes to the FBAR (Foreign Bank account reporting): FBARs must be filed for deceased individuals....

Jan 30, 20251 min read

Many people have asked me if the new restrictive Trump immigration policies will affect citizenship applications for children of US citizens who grew up abroad.

Many people have asked me if the new restrictive Trump immigration policies will affect citizenship applications for children of US...

Jan 30, 20251 min read

Here is a handy list of ILS-USD exchange rates, using the average rate and the rate in the last day of the calendar year.

Here is a handy list of ILS-USD exchange rates, using the average rate and the rate in the last day of the calendar year. The IRS uses...

Jan 30, 20251 min read

When investing in a real estate syndication, besides for doing your due diligence on the investment itself, due diligence on accounting practices is a must.

When investing in a real estate syndication, besides for doing your due diligence on the investment itself, due diligence on accounting...

Jan 30, 20251 min read

Expats may be eligible to claim refunds for NIIT taxes due to a new ruling. They may be claimed up to 10 years back.

Expats may be eligible to claim refunds for NIIT taxes due to a new ruling. They may be claimed up to 10 years back. Taxpayers and...

Jan 30, 20251 min read

Ready, set go! Get ready for an awesome tax season. Here are some tips to get ready to file your US tax return.

Ready, set go! Get ready for an awesome tax season. Here are some tips to get ready to file your US tax return. Here is a list of...

Jan 30, 20251 min read

Be aware of the hidden risks of Fintech banks backed by regular banks.

Be aware of the hidden risks of Fintech banks backed by regular banks. In this case, a middleman company which held much of the funds...

Jan 30, 20251 min read

When it comes to certain very simple tasks, I believe in telling my clients they can do it on their own.

When it comes to certain very simple tasks, I believe in telling my clients they can do it on their own. I don't think it's ethical to...

Jan 30, 20251 min read

Attention residents of the state of Georgia:

Beginning in tax year 2022, Georgia residents can include an exemption for their unborn child in their tax return. The exemption amount...

Jan 30, 20251 min read

Here is a common misconception about the foreign tax credit (FTC):

Here is a common misconception about the foreign tax credit (FTC): Many people think that a foreign tax credit may only be claimed if...

Jan 30, 20251 min read

Here's how a change of business structure can result in a $5000 refund instead of $6000 in tax due.

Here's how a change of business structure can result in a $5000 refund instead of $6000 in tax due. When a US citizen lives abroad, and...

Jan 30, 20252 min read

IRS Certifying Acceptance Agents (CAAs) for W-7 ITIN applications have a similar job as a notary.

IRS Certifying Acceptance Agents (CAAs) for W-7 ITIN applications have a similar job as a notary. As a trusted professional, they...

Jan 30, 20251 min read

Beware of misinformation online about $6000 stimulus checks and extra bonuses for seniors to be given out by Trump.

Beware of misinformation online about $6000 stimulus checks and extra bonuses for seniors to be given out by Trump. It's completely...

Jan 30, 20251 min read

Here is an interesting story about claiming too many tax deductions needlessly:

Here is an interesting story about claiming too many tax deductions needlessly: Rabbi Nesanel Quinn (d. 2005) of blessed memory was once...

Jan 30, 20251 min read

Here is an obscure, but important reason why to use a tax pro instead of consumer tax filing software.

Here is an obscure, but important reason why to use a tax pro instead of consumer tax filing software. Consumer software will ask you to...

Jan 30, 20251 min read

Do you use a fintech partnered with a bank? You should understand the bigger risks involved.

Do you use a fintech partnered with a bank? You should understand the bigger risks involved. Promises of FDIC insurance aren't valid if...

Jan 30, 20251 min read

Here is an obscure and interesting exception from paying US social security taxes for certain "self employed" people:

Here is an obscure and interesting exception from paying US social security taxes: In certain cases, you may be considered self employed...

Jan 30, 20251 min read