The IRS has declared filing three years back taxes is adequate for most US expat tax filers who are delinquent and there shall be no penalties for late FBARs (Foreign Bank Account Reports) from those who were unaware of the requirement to file. This brings a clarity and welcome relief to many American expatriates who … Read More “At Last – Great News From The IRS For US Expat Tax Filers Who Are Late Or Non-Compliant” »
Author: Torey Windler
If you are considering making a charitable donation of your car and the tax deduction is important there are a few important things you should do first. Check out the charity and make sure they are legitimate. Check the value of your vehicle through an appraiser or using an online tool like Kelly Blue Book, … Read More “Tax Deduction for Vehicle Donation” »
For many people, forex trading is a new way of making money. Some think that it is too hard to make money there. Others think that it is a full scam. There is also a group of people who think that trading is a peace of cake so they put their hard earned money on … Read More “What Is Forex Trading Is All About?” »
The short answer is maybe. Every year more and more homes house several generations. The return to multiple generations living under the same roof is because we are living longer and the cost of senior care is skyrocketing to the point that many families simply can not afford the cost of assisted living or nursing … Read More “Dependent Care Tax Credit for Care of Elderly Parents” »
Selling your home in the post-housing crash world can be more challenging than in previous times and the home seller should do as much as possible to avoid making mistakes that can prevent the home from selling or seriously affect the final home sale price. While no home sale will go off without a hitch, … Read More “4 Mistakes To Avoid When Selling Your Home” »
When David Cameron described comedian Jimmy Carr’s use of the K2 artificial tax scheme as “morally wrong”, little did he know that he was kicking off a debate which is now going direct to the heart of the accountancy profession. Much of this has centred on comments made by the Chief Executive of the Institute … Read More “Top accountants squabble over tax avoidance morality” »
The ripples from the European debt crisis have been felt even in America. That’s no surprise, considering the butterfly effect of the global economy, but the ongoing Greek debt issues will continue to impact America. Fortunately for investors on this side of the Atlantic, the troubles in Europe will make tax free municipal bonds a … Read More “U.S. Municipal Bond Market vs. European Debt Crisis” »
Had enough of filing and paying US income taxes? Have you thought about moving beyond all the hassle and yearly effort just to remain compliant with US taxes and regulations by giving up your US citizenship? The idea, though perhaps well founded, now requires even more careful consideration than ever before. The new and pending … Read More “US Expat Tax – Ex-Patriot Act To Permanently Banish Some Who Renounce US Citizenship” »
So many taxpayers got caught off guard with the recent attention the IRS is giving holders of offshore foreign bank accounts. With the off-the-shelf deals previously offered, the terms of the settlement were known and predictable. Now that the 2009 and 2011 offshore voluntary disclosure initiatives (OVDI) have ended, the IRS has not yet issued … Read More “IRS Voluntary Disclosure What To Do” »
A currency meter can be a useful confirmation tool. It offers you confirmation when the Fx system you’re using offers you signal of a potential trade. The meter may also offer you a sign in the event the trend of single currency is strong or turning around. This can be information an investor has to … Read More “Forex Grail Currency Meter Review” »