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Taxes for the US EXPATS INCANADA 🇨🇦 TABLE OF CONTENTS: Introduction Do US Expats in Canada have to file their US Tax Returns? How is Canadian income taxed in the US? Can US Citizens in Canada get relief from Double Taxation? What is the filing due date for the Canadian Tax Return? What about reporting […]
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Passive Foreign Investment Company PFIC REPORTING Table of Contents: Introduction How are PFIC reported on your Tax Return? Whats new for PFIC after TCJA updates? Conclusion Introduction: What is PASSIVE FOREIGN INVESTMENT COMPANY (PFIC)? Passive Foreign Investment Company is a foreign corporation based abroad that invests and makes income from passive investments. Now, the United
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WhAT IS Foreign Account Tax Compliance ACT (FATCA)? TABLE OF CONTENTS: Introduction How does FATCA affect US Citizens? Who must file Form 8938? What are the filing thresholds for Form 8938? What are specified Foreign Financial Assets? What are the penalties for Non-Compliance with Form 8938? Final Words INTRODUCTION The Foreign account tax compliance act, also
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WhAT IS FORM W-8BEN? TABLE OF CONTENTS: What is Form W8-BEN? What is the purpose of Form W-8 Ben? Why should a Foreign Person even bother to fill this Form W8-BEN? What is the difference between Form W-8BEN and Form W-8BEN-E? How to complete Form W8-BEN? Conclusion What is Form W-8BEN? Form W8-Ben is a
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State TaxesFOR US EXPATS Table of Contents: Introduction Do US Expats pay State taxes? Which States expect you to File Tax Returns as a US Expat? Which States for US Expats have no Tax filing requirement? Which States expect you to File Tax Returns as a US Expat? What is the best way for US
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WHAT IS FOREIGN HOUSING EXCLUSION OR DEDUCTION? TABLE OF CONTENTS: Introduction Who is eligible to claim Foreign Housing Exclusion? How is Foreign Housing Exclusion Calculated? What are considered as Qualified Expenses for Foreign Housing Exclusion? Can both spouses claim Foreign Housing Exclusion? What is the difference between Foreign Housing Exclusion and Deduction? How is it
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Stimulus Payments FOREXPATS ABROAD Table of Contents: How US Expats abroad can receive the Stimulus Payments for the Covid 19 pandemic? Who is eligible to receive ? Let’s talk about the 1st EIP You were not eligible for the first payment if: The Second Economic Impact Payment. The Third Economic Impact Payment. Few FAQs for the
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WHAT IS FORM 1040-NR ? Table of Contents : What is Form 1040-NR ? Who should file Form 1040-NR? Who is a Non-Resident Alien? What Income is taxable for a Non-resident in the US on Form 1040-NR? Where to file Form 1040-NR Conclusion Frequently Asked Questions. What is Form 1040-NR ? Non-resident Aliens or (NRA)
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US Taxes for INTERNATIONAL STUDENTS Table of ContentS: Introduction Do International Students pay Taxes in the US? I’m an International Student in the US. I have no income this year. Do I need to file taxes? I’m an International Student on (OPT/CPT). What forms do I need to file? Do I have any Tax Benefits as
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Who is a DUAL-STATUS ALIEN ? TABLE OF CONTENTS: Who is a Dual-Status Alien? What is a De-Minimis Rule Can a Dual Status Alien File a Joint Return? What is a Dual Status first-year choice? Final Thoughts. FAQ WHO IS A DUAL-STATUS ALIEN? A Dual-Status Alien is someone who was a Citizen of a Foreign
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