Backward Unused R&D Tax Credits Businesses investing heavily in innovation often generate R&D Tax Credits that exceed their current-year tax liability. Fortunately, under IRC §39(a), these credits don’t expire...
ASC vs Regular Method The R&D Tax Credit under IRC §41 can be calculated using two different methods — the Regular Method and the Alternative Simplified Credit (ASC) Method....
Dive into the Financial Lifeline Your Business Deserves Imagine standing on the brink of a financial breakthrough, where each decision you make could either catapult your small business to...
Introduction: Imagine sipping a coffee in a quaint Parisian café or taking a Zoom call overlooking a beach in Bali, living your dream life abroad. Sounds perfect, right? But...
The Unexpected Adventure: Facing an IRS Audit Abroad Imagine this: You’ve just adapted to the vibrant culture of your new overseas home, navigating through language barriers, and exploring exotic...
The FEIE is a crucial tool for U.S. expats, enabling them to exclude a significant portion of their foreign earnings from U.S. income tax. Notably, the exclusion also covers...
Owning property abroad is a dream for many, but it comes with complex tax implications for American expatriates. The U.S. tax system requires its citizens and residents to report...