“Update: State Pass-through EntityTaxes Beat the SALT” To get my complete, FREE articlewith all the details… DefinitionsPTE: Pass-through entityPTET: State pass-through entity taxesSALT: State and local taxes Are you the individual owner of a partnership, multi-member LLC, or S corporation? Then my new article makes must reading. Increasingly state PTEs … [Read more...]
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Tax info for U.S. Citizens Living and Working Abroad
“Tax info for U.S. CitizensLiving and Working Abroad” To get my complete, FREE articlewith all the details… If you’re a U.S. citizen living and working abroad, you need to think about taxes, both... Those taxes in the United States And those in the foreign country where you’re living That’s why I wrote my new article. I wanted to make everything clear and … [Read more...]
Uncertain Tax Position? File Form 8275 To Avoid Penalties
“Uncertain Tax Position?File Form 8275 To Avoid Penalties” To get my complete, FREE articlewith all the details… Be careful. If you underpay your taxes (by the greater of $5,000 or 10%), you could face having to pay a huge penalty. I’m talking about a 20% penalty! And this penalty must be paid in addition to the tax due, plus interest. Ouch! How to avoid … [Read more...]
Important Tax Forms for Foreign Financial Transactions
Important Tax Forms forForeign Financial Transactions To get my complete, FREE articlewith all the details… With globalization of commerce, more and more individuals and businesses are conducting transactions with foreign entities. As a result, there is a growing need for tax reporting requirements to ensure that all income, assets, and transactions are properly … [Read more...]
Avoid Penalties on Early Withdrawals from Retirement Accounts
Avoid Penalties onEarly Withdrawalsfrom Retirement Accounts To get my complete, FREE articlewith all the details… Do you have money locked up in a retirement account that you’d love to get your hands on? Well, unfortunately, If you’re under age 59 1/2, you typically have to pay a 10% penalty tax on early withdrawals from your accounts. And this penalty tax is in … [Read more...]