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Taxes are something that I’m certain only those involved in the tax profession enjoy dealing with, and even then, I’m sure that they get bored of the paperwork, endless figures and constantlychanging tax laws! That said, no matter how boring or troublesome we find dealing with our taxes to be, we simply cannot ignore them, and if we do, we can end up having to pay costly fines. There are… Read More

When filing your taxes as a resident or nonresident alien of the U.S. you’ll find that there are some differences between how you are required to fulfill the rules, and how a citizen of the U.S. There may in fact, be some income tax exemptions for certain individuals who are not U.S. citizens, depending on their circumstances. Let’s take a closer look at the definition and tax treatment of such… Read More

If you’re a non-resident alien living in the states today – or NRA – you will likely face significant issues when trying to obtain refunds of withheld IRS taxes that are rightfully yours. A recent IRS freeze on credits that were claimed on Form 104NR(or the Non- Resident Alien Income Tax Return), which did not match the data filed on forms 1042 by tax withholding agents, is responsible for creating… Read More

Many years have passed since there was last a tax reform – way back in the days of President Reagan, in fact – and the new ‘Tax Cuts and Jobs Bill’ that has recently been passed is bound to have an impact on all taxpayers, from individuals to business owners. If you’re a business owner, then the following information may be of use and help you to understand what impact… Read More

Once you have your tax information up together with all the necessary paperwork and documentation, you’re ready to start preparing your taxes. Some people choose to tackle this alone, while most seek professional help to ensure that they get the best from their money. So, who can you turn to when getting ready to prepare your taxes? Tax preparers: In theory, anyone can help you prepare your taxes – especially… Read More

Tax planning is a term that we all hear frequently, but we do really know precisely what it means? Read on to find out the basics of tax planning and what you need to know as a tax payer: Tax planning and what it really means: Postponing or avoiding taxes is behind the essence of tax planning, and by utilising tax planning strategies, you can potentially save you or your… Read More