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An easy way around double self employment taxation for US citizen Israeli residents?
The Israeli elections and it's tax implications on US citizens living in Israel: Yes, there may be some real changes due to this...
Jan 23, 20231 min read
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Who is receiving your IRS mail for you while you're abroad?
Imagine finding this letter in your mail one day. Even worse, imagine that you're living abroad, and your IRS mail is sitting in some...
Jan 23, 20231 min read
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Residence-based US taxation (RBT): a new idea being presented to Congress
Residence-based US taxation (RBT) is a new idea being presented to Congress, which would address many inequalities US expats face. The...
Jan 23, 20232 min read
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Common misconceptions about FBAR (Foreign Bank Account Report) filing
Here are some common misconceptions about FBAR (Foreign Bank Account Report) filing: As is well known, a US citizen or green card holder...
Jan 23, 20232 min read
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Canada is not part of the United States for FBAR (Foreign Bank Account Report) filing purposes.
Newsflash: Canada is not part of the United States for FBAR (Foreign Bank Account Report) filing purposes. Yes, it is considered a...
Jun 19, 20221 min read
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Don't donate 50% of your wealth to the IRS! Make sure to file your FBAR on time.
Do you have a bank account in a foreign (non-US) country? If so, there's a good chance you may need to file an FBAR (Foreign Bank Account...
May 30, 20221 min read
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Filing deadline for Expats approaching
While most tax accountants are enjoying the reduced pressure of post tax season, those filing expat returns are just getting started. The...
May 30, 20221 min read
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Paradoxical disparities between similar income amounts, taxes paid and refunds received
A tale of two expat tax returns: Two clients, both self employed with about $45K income. One owed over $4,000 in taxes, the other...
Mar 31, 20221 min read
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The 2021 IRS ID Verification Catastrophe: An algorithm gone haywire
The IRS has been known to occasionally send out letters requesting verification of a taxpayer's identity before releasing refunds. Before...
Mar 27, 20222 min read
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Double social security taxation: The Big Problem for Self employed US persons living in Israel.
Many are under the impression that international tax treaties ensure that there is no double taxation, ever. This is a myth. While they...
Mar 23, 20221 min read
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A US citizen can file a tax return jointly with their non-US citizen, non-US resident spouse
Did you know that a US citizen can file a tax return jointly with their non-US citizen, non-US resident spouse? The non-US citizen spouse...
Mar 16, 20221 min read
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Why use an accountant who specializes in expat tax returns?
US Expats: Why use an accountant who specializes in expat tax returns? 1. US based accountants may be unfamiliar with the processes...
Mar 16, 20221 min read
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The FFCRA Refundable Credit for self-employed individuals
A goldmine hidden in plain sight: The FFCRA Refundable Credit for self-employed individuals. This credit, new for the 2020 tax season,...
Mar 16, 20222 min read
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Tax planning for low income taxpayers
Tax planning for low income taxpayers - an oxymoron? Definitely not! Traditionally, many accountants have overlooked tax planning for low...
Mar 16, 20222 min read
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Update on 2021 refunds being issued fast
Great news! I've checked the status of some of my clients' 2021 refunds, and many will be issued in the next few days! This is a great...
Mar 16, 20221 min read
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Foreign income and the child tax credit refund
Did you know that foreign income can qualify you to receive the child tax credit refund? Sadly, a misconception has caused many to have...
Mar 16, 20221 min read
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Patriotic duty to pay as much tax as possible????
Is there a patriotic duty to pay as much tax as possible? There seems to have been much political debate on this matter recently....
Mar 16, 20221 min read
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Accountant vs. online tax filing site
Why hire a tax professional for your personal tax return if you could just use free TurboTax or another online service? A waste of money,...
Mar 16, 20221 min read
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Married Filing Separately - a hidden opportunity
Did you know that filing taxes with Married Filing Separately status can sometimes be extremely advantageous? (No, you do not have to...
Mar 16, 20222 min read
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Providing tax return clients with advice on investing
Providing tax return clients with unsolicited advice on investing: I was apprehensive at first about the response that might result, but...
Mar 16, 20222 min read
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