Articles
Tax Guide for Canadian Expats in the United States
and the United States have the world's longest shared border, but geography alone doesn't explain why the two nations enjoy a unique relationship. They are bound by deep personal ties, a shared historical and cultural heritage, and similar values. Their partnership is one of the most stable and fruitful in the world. They are bo...
Tax Guide for German Expats in the United States
It is no surprise that the United States hosts the largest population of Germans outside of Europe. The two countries share a long history through trade, friendship, and cultural exchanges. Early German immigrants established the first kindergartens, introduced Oktoberfest celebrations, and brought culinary mainstays such as hot dogs, h...
The ‘Math Error’ IRS Notice 2021
11 Million Americans Received Math Error Notices Over 11 Millions of Americans received a confusing letter from the IRS in 2021 saying they owe more taxes. For most taxpayers, this letter was sent erroneously. In 2019, about 2 million “Math Error” notices were sent to taxpayers. The surge in math-error notices in 20...
Google to Begin Deducting Taxes From YouTube Creators
In a move that will affect the income of millions of content creators, YouTube has announced that it will soon begin withholding federal income taxes on creator earnings generated from viewers in the United States. The policy change is set to kick in as early as 1 June 2021. The video streaming giant has asked creators in the YouTube Pa...
Investors Beware: The IRS Chases After Crypto Profits
As cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin go mainstream, the Internal Revenue Service (IRS) is cracking down on American taxpayers who haven't declared their crypto assets or paid taxes on them. If you want to avoid a tax mess, you need to declare your crypto assets and crypto-sourced earnings to the IRS. Fai...
IRS Extended Additional Deadlines for Individuals Taxpayers Until May 17
The Internal Revenue Service extended certain deadlines from April 15, 2021, to May 17, 2021, in order to give more time to individual taxpayers to make IRA and HSA contributions and to file refund claims. This announcement follows a prev...