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Form 3520-A: Your Foreign Trust’s Reporting Requirements with the Internal Revenue Service
If your foreign trust sends money to a U.S. citizen. here's how you let the IRS know. Form 3520-A is an important tax form that…
Form 4361 Allows Ministers to Opt out of Social Security and Medicare
Huh, I never thought about how social security gets in the way of a vow of poverty. As a minister, religious office holder, or a…
What Was the Economic Impact Payment (EIP) 2 and Why Did I Get It?
Remember when the government mailed everyone money? Good times. The Economic Impact Payment 2, also known as EIP 2, was a second round of stimulus…
What Was EIP 3? The Ups, Downs and Direct Payments of the Economic Impact Payment 3
EIP 3, also known as the Free Parking space on the Monopoly board. EIP 3, also known as the third round of Economic Impact Payments,…
Reporting Additional Taxes on Qualified Plans With US Tax Form 5329
Break the rules on your 401k? This form is how you tell the IRS "I'll pay the penalty but I'm not trying to break the…
U.S. Tax Form 56 and Fiduciary Relationship Concerns: Does This Matter Concern You?
A tax form with just two numbers? Not a cause for concern. U.S. Tax Form 56, also known as Notice Concerning Fiduciary Relationship, is a…
Instructions for IRS Form 5472: Forms that Accompany the Information Return of a Foreign-Owned U.S. Corporation
The Oscar for longest tax form name goes to ... If you are a foreign-owned U.S. corporation, it is important to understand the reporting requirements…
The Basics of the Foreign Tax Credit: What It’s For, How to Claim It, and What Else an Expat Needs to Know
This is the the part of Eat, Pray, Love Julia Roberts didn’t show you. Like she was made to live in a faux-inspirational Hallmark movie,…
