The Dual Resident Dilemma Are you a globe-trotting individual who finds yourself both a U.S. resident and a nonresident in the same tax year? Welcome to the world of...
 Introduction The IRS classifies cryptocurrency as taxable property, requiring taxpayers to report all crypto transactions on Form 1040, Form 8949, and Schedule D. Failing to report crypto transactions can...
Introduction The IRS considers cryptocurrency, NFTs, and digital tokens as taxable assets. Taxpayers must report gains, losses, and transactions involving digital assets on Form 1040. Failing to report these...
Introduction When a U.S. citizen or resident alien is married to a dual-status alien spouse, tax filing can be complex. A dual-status alien is an individual who is considered...
Introduction Filling out the personal information section of IRS Form 1040 is one of the most important steps in filing your tax return. Errors in this section can cause...
Introduction As an Indian citizen, forming a US Limited Liability Company (LLC) in Delaware can be an attractive business venture. However, navigating the complexities of US taxation can be...
Introduction As an Indian citizen, navigating the complexities of the US tax system can be overwhelming, especially if you’re living and working in the United States or earning income...
Attention, American expats! April 15, 2024, is approaching fast, and it’s crucial you don’t miss this key deadline for your individual income tax returns. Missing it could mean hefty...
Did you know that over 30% of Americans miss out on maximizing their tax returns simply because they overlook critical details when filing? Don’t be part of that statistic!...
Did you know that nearly 20% of Americans miss out on crucial tax extensions simply because they don’t know how to file for them? Don’t let the April 15...