Month: March 2019

Planning to settle abroad post-retirement? Here are a few tax tips!

Most people imagine their retirement nest to be a haven with an amazing view of the sunset each evening. They spend their entire lives saving for their [...]

Tax norms for American Expats: Everything you need to know

Often, Americans who move abroad are not aware of their tax obligations to the US government. This happens because they often live under the false belief [...]

IRS waives late tax payment fees

Did you miss out on paying your tax liabilities in the fiscal year 2017-2018? We might have some good news for you! The US Federal income tax works on a [...]

What to do next after starting your own business?

Calling on all the budding entrepreneurs out there! Here’s to you - the self-employed, the self-made, the pioneers of the business world! People who pour [...]

Tax Credits for Your Family You Can Write Off

With the tax season in full swing, you must be looking for ways to maximize your tax credits along with gaining hefty deductions. As a family person you [...]

All You Need to Know About W-2 Forms

  As per IRS, every employer engaged in a trade or business who pays remuneration, including non-cash payments of $600 or more for the year for an [...]

Do I need to file 1040 if I’m self employed?

The 1040 form is the standard federal income tax form used to report an individual’s gross income. It is applicable even to the self-employed lot, with a [...]

Are 401K Savings Deductible From Your Taxes?

The 401K is an employer-sponsored plan that allows an individual to replenish their retirement funds in a tax-sheltered manner. The limit is set to be [...]

Is your client the subject of an FBAR examination?

FBAR or Foreign Bank and Financial Accounts report is required to be filed by a person residing in the USA, a domestic partnership, a domestic corporation, [...]