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Tax Time for U.S. Citizens

Tax Time for U.S. Citizens

written by Steven Pittser If you are a U.S. citizen, the rules for filing income tax returns are generally the same whether you live in the States or abroad. The following is a brief summary of the criteria that would require an individual to file a 2008 tax return. If you are married filing jointly [...]

Santa vs Tax Planning

End of the year tax reducing ideas Getting in the Christmas spirit and year-end tax planning mixes like oil and water. Who wants to think about taxes, you ask, when it’s time for Santa Claus and candy canes. It may surprise you to know that because of his investment in a fir tree farm in [...]

Wages vs Self-Employed

The IRS and U.S. foreign nationals living and working abroad Just because you are a U.S. citizens living and working abroad does not mean that you don’t have to report your yearly earnings to the IRS. However, if you pass two tests and qualify for the “foreign earned income exclusion,” you don’t owe any tax [...]