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Understanding Currency Exchange Rates for Reporting Foreign Income Tax
Currency exchange rates can impact the reporting of foreign income tax. Fluctuations in exchange rates can affect the value of…
How to Report Foreign Gifts to the IRS: Understanding Gift Tax Reporting
If you received a large gift from your family abroad, it is important to know that you may need to…
Reporting Income for Freelance Remote Work with Non-US Companies
Learn how to report income from freelance work done remotely for a non-U.S. company, including tax obligations and considerations.
Expats’ Guide to Deducting Home Country Medical Expenses on U.S. Taxes
Learn whether expats can deduct medical expenses incurred in their home country on their U.S. tax return and explore medical…
Tax Implications of Withdrawing from a Foreign Retirement Account on a K-1 Visa
If you withdraw from a foreign retirement account while on a K-1 visa, there are tax implications. Learn about these…
Claiming Children Abroad on Taxes: Understanding the International Dependent Tax Credit
Wondering if you can claim children living abroad as dependents for tax purposes? Learn about the rules and eligibility for…
K-1 Visa Taxes: Reporting Foreign Rental Income
As a K-1 visa holder, you are required to report and pay taxes on your foreign rental income. Learn more…
Expat Tax Filing: How to File U.S. Taxes Abroad for Citizens
If you are a U.S. citizen living abroad and need to file your U.S. taxes, consult an expert in expat…