Reporting Foreign Income on Your Federal Tax Return
By law, U.S. citizens and resident aliens living abroad must file a U.S. income tax return and report any worldwide income. Some key tax benefits, such as the foreign earned income exclusion, are only available to those who file U.S. returns. As such, if you are living or working outside the United States and Puerto […]
POA Authorization Approval Requests Available Online
An important part of estate planning is designating a power of attorney; however, the IRS will not discuss your taxes or identity with anyone without your authorization. Recently, the IRS has made it easier for taxpayers to quickly review, approve and sign power of attorney and tax information authorization requests through their IRS Online Account. […]
Special Tax Rules for Children With Investment Income
Special tax rules may apply to some children who received investment income in 2022 or expect to receive it in 2023. Investment income generally includes interest, dividends, and capital gains. It also includes other unearned income, such as taxable scholarships or from a trust. These rules may affect the amount of tax and how to […]
Give Your Forms a Professional, Uniform Look
When you receive an inaccurate or sloppy, unattractive invoice from a vendor, it may leave you wondering if they are as careless with creating their products and services. Whether they think about it consciously or not, the quality of your paper and digital communications impacts their perception of you. In other words, appearance matters regarding […]
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