Articles
Tax evasion vs tax avoidance: Understanding the difference and consequences
If you're like most people, taxes are probably one of your least favorite things to think about. But unfortunately, they're a necessary part of life. And while most of us dutifully pay our fair share, there are some who try to skirt the system. That's where tax evasion and tax avoidance come in. What is ...
Understanding the mortgage interest deduction for US expats
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
Form 1095-C: Employer-Provided Health Insurance Offer and Coverage
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
Simplify your taxes: Tax savings with Form W-4
What is Form W-4? The W-4 Form “Employee’s Withholding Certificate” is a tax form employers use as a base document to determine how much tax to withhold when they prepare your paycheck. You are usually required to fill it out when you land a new job or your personal or financial circumstances change....
Form 1098: How to file and deduct mortgage interest (and other payments)
As a US expat, you may have questions about this important tax form and how it affects your taxes. Don't worry, we're here to help! What is Form 1098: Mortgage Interest Statement So, what is Form 1098? Essentially, it's a tax form that reports the amount of mortgage interest you paid during the tax year. If...
Form 673: Claiming Exemption From Withholding on Foreign Earned Income
What is Form 673? First of all - Form 673 is a powerful tool that can help US expats save money on their taxes. It is a form provided by the IRS that allows US citizens and resident aliens who are working abroad to claim an exemption from withholding taxes on foreign earned income.<...