Tax information for individuals who have residency or income in U.S. territories—Guam, the Commonwealth of the Northern Mariana Islands (CNMI), American Samoa, the U.S. Virgin Islands, or Puerto Rico.
Compare Form 8938 and FBAR. Understand the key differences.
The IRS provides a variety of convenient payment options to help you pay your tax bill easily. Discover the best method for your needs and stay on top of your taxes.
Published by the Internal Revenue Service Original Source: Power of Attorney and Other Authorizations You can grant a third party authorization to help you with federal tax matters. The third party can be a family member or friend, a tax professional, attorney or business, depending on the authorization. There are different types of third party…
Your travel calendar 🌎📅💼 is crucial for accurate tax preparation. It helps your tax professional in several ways: ✅ Determining Residency Status: Your travel records help establish your residency status, which affects your tax obligations and eligibility for deductions or credits. For U.S. citizens and resident aliens living abroad, or non-resident aliens in the U.S.,…
If you’re a U.S. taxpayer with financial assets outside the U.S., you may need to file Form 8938. This form helps the IRS track foreign financial assets, ensuring all your income is properly reported. While it may seem overwhelming at first, we’re here to break it down for you so you can stay compliant and…
Understanding Tax Return Preparer Credentials and Qualifications