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TCJA Exemptions Repealed: Personal Exemptions Non-Deductible by 2025
The TCJA removed personal exemptions in 2018 and raised the standard deduction; 2025 legislation aims to make that repeal permanent.…
Filing 1040-NR for Calendar Year: April 15 or June 15 Deadlines
The IRS divides nonresident alien filing deadlines in 2025: April 15 for those with U.S. wages/withholding or a U.S. office;…
Who Must File Form 1040-NR: Key Nonresident Filing Requirements
Nonresident aliens with U.S. source income, U.S. business activity, or certain special taxes generally must file Form 1040-NR. Filing can…
Nonresident Alien Withholding: Key Rules for U.S. Source Income
Foreign persons’ U.S.-source income is classified as ECI (trade or service-related, taxed at graduated rates) or FDAP (passive income, typically…
Resident vs Nonresident Alien: Filing Requirements and Tax Obligations
Foreign taxpayers must first determine resident or nonresident status. Nonresidents typically file Form 1040-NR and face 30% withholding on U.S.-source…
Medical Expense Deductions on the Decedent’s Final Return
For 2025, medical costs paid before death are deductible on the final Form 1040 if itemized and over 7.5% of…
IRD Essentials: Tax Rules, Reporting, and Basis Implications
IRD is unpaid taxable income owed to a decedent but paid after death. It keeps its tax character, receives no…
Income Tax Forgiveness for Deaths in Terrorist or Military Action
This federal rule forgives a deceased service member’s federal income tax for the tax year of death and certain earlier…