Direct Tax

Form 2555 – Foreign Earned Income Exclusion: How U.S. Expats Can Save on Taxes

For U.S. citizens and resident aliens living abroad, the obligation to file a U.S. tax return doesn't end at the…

4 weeks ago

Form 2441 – Child and Dependent Care Expenses: A Guide to Claiming the Tax Credit

Raising children or caring for dependents can be both fulfilling and financially demanding. Fortunately, the U.S. tax code offers relief…

4 weeks ago

Understanding Form 2210 – Underpayment of Estimated Tax: What It Is and When You Need It

Many taxpayers in the U.S. rely on withholding taxes from wages to satisfy their annual tax liability. However, for self-employed…

4 weeks ago

Form 1116 – Foreign Tax Credit: A Guide to Reducing Double Taxation

For U.S. taxpayers who earn income from foreign sources, the risk of double taxation is a major concern. Fortunately, the…

4 weeks ago

Understanding Form 1095-A, 1095-B, and 1095-C: Health Coverage Statements for ACA Compliance

Under the Affordable Care Act (ACA), health coverage reporting has become an essential part of the tax filing process for…

4 weeks ago

Form 1040-X – Amended U.S. Individual Income Tax Return: What You Need to Know

Even the most diligent taxpayers can make mistakes when filing their tax returns—whether it’s forgetting to include income, overlooking a…

4 weeks ago

Form 1040-SR – For Seniors Aged 65 and Older: A Simplified Tax Return Format

As individuals age, tax filing can become increasingly complex, especially with retirement income, Social Security benefits, investment distributions, and medical…

4 weeks ago

Form 1040-NR – U.S. Tax Return for Nonresident Aliens

For individuals who are not U.S. citizens or permanent residents but have income from U.S. sources, tax obligations can still…

4 weeks ago

Form 1040 vs. Form 1040EZ vs. 1040A: What Happened to the Old Forms?

For decades, U.S. taxpayers had three primary options when filing their federal income tax returns: Form 1040, Form 1040A, and…

4 weeks ago

Form 1040 for Retirees: Social Security, Pensions, and Annuity Income

Retirement brings a shift in income sources, but not necessarily a complete break from the IRS. For retirees, Form 1040…

4 weeks ago

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