Taxes For Expats
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Taxes for Expats (TFX) is a New York City-based tax preparation firm specializing on American citizens living abroad. Articles on Expat tax rules, Financial planning, FBAR/FATCA, Expatriation, Foreign Business, Family Matters, Immigration and Tax saving strategies.
Taxes For Expats
1w ago
Disclaimer This article is for informational purposes only and does not constitute legal advice. Always consult with a tax professional for your specific circumstances. As ..read more
Taxes For Expats
1w ago
Every US resident has to file an annual individual tax return. However, if you have been a US resident even for a part of a calendar year, you’ll still need to file a return. People who have been both residents and non-residents in the US during the same calendar year are called dual-status aliens. Dual-status aliens’ filing differs f ..read more
Taxes For Expats
1w ago
Some Americans may experience lower federal income taxes in 2025 due to the annual bracket adjustment by the IRS. However, the relief may be less significant compared to the adjustments in the last two years. Overview of 2025 tax bracket adjustments The IRS typically releases its new tax brackets each fall, but fin ..read more
Taxes For Expats
1w ago
Are you dreaming of retiring on a sun-soaked beach in Bali or spending your late years as a self-professed sommelier in a quaint Italian village? Perhaps you're an American who worked abroad or you have lived as a permanent resident with overseas retirement accounts. Or it could just be that you’re in the process of planning f ..read more
Taxes For Expats
1M ago
The U.S. Department of Treasury, the IRS, and Department of Energy (DOE) have announced the opening of full applications for Round 2 of the Q ..read more
Taxes For Expats
1M ago
The IRS has issued a reminder that changes under the SECURE 2.0 Act, effective from tax year 2023, may affect how businesses report certain amounts on Forms W-2. The new provisi ..read more
Taxes For Expats
1M ago
Market-based sourcing has become a significant tax issue for individual filers, particularly those providing services across state lines. States like New York and California have implemented rules that source income to their jurisdiction based on where the "benefit" of a service is received rather than where the service is per ..read more
Taxes For Expats
1M ago
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 ..read more
Taxes For Expats
1M ago
The IRS has announced tax relief measures for individuals and businesses in 25 Minnesota counties impacted by severe storms and flooding that began on June 16, 2024. Affected taxpayers will benefit from extended deadlines for filing returns and making tax payments. Affected counties and eligibility Tax relief is av ..read more
Taxes For Expats
1M ago
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 ..read more