How to Avoid Receiving the IRS Penalty Notice

Each year, the IRS sends out an approximate 50 million penalty notices. Of 100 million eligible taxpayers, statistically speaking, one out of every two taxpayers will receive a notice. The number of automated tax penalty assessments is also increasing every year, and the trend is very much true among small business, professionals, and expat taxpayers. […]

What Is the Difference Between Tax Forms 1040, 1040a, and 1040ez? (Updated for April 2019)

The IRS tax return form 1040 is a detailed IRS document that allows taxpayers to claim many deductions and credits. Other types of 1040 return are shorter and more manageable. Why should you complete a 1040 instead of a 1040-EZ? Because you could be missing deductions and credits that could lower your taxable income, which […]

Financial Considerations Before a Foreign Assignment

A. Generally speaking, what are the financial factors I should look into? Soon-to-be-expats or current expats, when it comes to personal finances, should be aware of current and long-term impacts of international relocation. Review immediate expenditures such as the cost of relocation, housing, taxes, transportation, and education. Before deciding to move abroad, you must consider […]

Married a Foreign Spouse – Tax Filing Status

One of the most frequently asked questions from our expat clients is, “I just married a (German, Dutch, English, etc) husband/wife, how does this affect my tax situation?” As all American citizens bear the tax filing responsibility regardless of their current residence, marrying a non-U.S. citizen can complicate the process. Before deciding anything, the couple […]