- Non-resident taxation
- Real estate taxation
- Tax optimization
- Bachelor of Science, University of Georgia
Articles
Like-Kind Exchanges of Rental Property Under IRC Code Section 1031
Whenever you sell rental property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain from sale of business or investment property if you buy a similar property as part of a qualifying like-kind exchange. Gain deferred in a lik...
How to Determine Maximum Annual Account Balance for FBAR
Due to recent changes, the FinCEN Form 114 (FBAR) due date was moved from June 30th to April 15th. As anyone who has filled o...
Non-US Citizen With US Income Subject to Withholding Do Not Ignore Form 1042-S
1042-S - What Is It and Who Needs to Complete It? This form has to be completed by a Withholding Agent - this obscure term generally refers to bank or broker that pays passive income and must w...
IRSN (Internal Revenue Service Number) - What It Is, Who Needs It and Who Should Avoid It.
Hundreds of thousands of American citizens by birth live abroad without a Social Security number. Many of them have recently discovered that they have U.S. tax compliance obligations. Most often this news is delivered by a foreign bank that has custody of their money, through a sca...
Tax Credits for Education Expenses - The Lifetime Learning Credit (LTC)
This article will explain the Lifetime Learning Credit, rules for who is eligible for the credit, what expenses qualify, the value of the credit, limitations on claiming the credit, and how the credit is claimed on your Form 1040 (including related tax schedules). Eligibility For the Lifetime Learning Credit ...
Which Financial Fees Are Tax Deductible?
Legal and financial fees are expenses we don’t choose to pay. Those payments are necessary expenses; therefore it seems logical to deduct them on your tax return. However, only certain types of financial and legal fees are deductible. 1. Legal fees related to producing or collecting taxable income or getting tax ...