Month: July 2019

Everyone needs to pay tax of one kind or another, so we’ve created a comprehensive guide to most of the ways the IRS and your state will charge taxes to you. From federal tax brackets and standard deductions to corporate, estate, and gift taxes, we’ll share the latest information from the IRS and state agencies on what you’ll need to pay.

The IRS has assessed many of our clients and others taxpayers around the globe who might have even correctly filed Form 3520-A and Form 3520 with substantial penalties – often $10,000. What gives? What can be done about this? In this article we will explain many situations in which a Form 3520-A is required so that you can have a good idea if the IRS’s penalty assessments are something you should push back on.

“Foreign Earned Income” and “Bona Fide Residence Tests” can sound like a bit of a mouthful, but if you spend time living, studying, or working abroad, they can save you money when it comes to tax time. We’ll explain what each of these means and let you know how you can reduce your tax burden.