Category Archives: Misc.

Something Olde, Something New – Your Wedding and the Tax Code

You’re married, mazal tov! The business of matrimony, however, involves more than romance, a fancy wedding cake and the honey moon. Along with other practical considerations, your nuptials have an impact on your tax status. For normal taxpayers that reside in the United States, the filing options are either married filing jointly or married filing […]

Self Employment Tax 101

In the United States, the federal tax authorities put almost no bureaucratic barriers to an enterprising person that wants to set up his own instant business. For instance, consider a lawn mowing service. Perhaps you have a lawnmower and a truck. You put out some ads and distribute some flyers and soon enough you have […]

Social Security for Expatriates

How old were you when you picked up and moved over yonder to your new host country? Were you working in the US previously? Don’t overlook low paying part-time and summer jobs. Why should you care? The answer is that you very well might have earned social security credits and these credits count towards a […]

Tax documents required, International

Most U.S. citizens and green card holders are required to file an annual form 1040 (tax assessment) and Foreign Bank Account Report (FBAR / Fincen Report 114) statements. Documents required for the annual 1040 tax assessment report: Annual salary summary for salaried employees Tax assessment filing from your local country Self employment ; submit your income […]

Estimated Payments for Tax Year 2016

Taxpayers that owe tax are generally required to make estimated payments over the course of the calendar year.  The last deadline for payments is 15 of January. Instructions for Payment of Estimated tax: US or international credit card: Open your internet browser to pay1040.com/Payment?taxCategory=Personal. Follow the instructions: tax category = personal tax form = 1040 […]

Non-Resident Investors in the U.S. Real Estate Market

Non-Resident Investors in the U.S. Real Estate Market Tax Issues and Considerations Introduction The United States real estate markets have seen a strong demand from foreign investors who are seeking potentially attractive investment opportunities. In addition to important and numerous logistical and risk management considerations that the investor must contend with, the tax consequences of […]