Jim Grey
Reporting Interest Income from a Foreign Bank Account on Your Taxes
Learn how to report interest income from your foreign bank account for tax purposes in this concise guide…
Claiming Lifetime Learning Credit for Education Abroad: A Guide
Yes, you can claim the Lifetime Learning Credit for education expenses incurred abroad. This tax credit can provide…
Filing Taxes Married Separately When Spouse Won’t Disclose Income
Married individuals may choose to file taxes separately if their spouse refuses to disclose their income. This method…
Expats’ Guide to Deducting Home Country Medical Expenses on U.S. Taxes
Learn whether expats can deduct medical expenses incurred in their home country on their U.S. tax return and…
U.S. Citizen Spouse: Claiming a Nonresident Alien as a Dependent
If a nonresident alien is married to a U.S. citizen, the U.S. citizen spouse may not claim the…
Understanding Form 8621 Filing Requirements and PFIC Penalties
Form 8621 must be filed by individuals with shares in a Passive Foreign Investment Company (PFIC). Failure to…
Understanding Form 5471 Penalties: Consequences of Failure to File
Failure to file Form 5471 penalties can result in severe consequences. Know the risks and potential penalties for…
Understanding Form 3520-A Filing Requirements and Non-Compliance Penalties
Form 3520-A is required to be filed by certain US taxpayers. Failure to comply may result in penalties.…
L1 Visa Tax Reporting: Understanding Form 3520 Requirements
Form 3520 is required for L1 visa holders to report certain transactions. It serves as a way to…
Understanding Form 8938: Who Must Meet FATCA Reporting Requirements?
Form 8938 is a reporting requirement under FATCA for certain individuals with foreign assets. Find out who needs…
FBAR Penalties: Consequences of Failure to File
Failure to file the FBAR can result in hefty penalties. Learn more about the consequences and potential fines…
L1 Visa Substantial Presence Test and IRS Form 8843 Filing Guide
L1 visa holders who pass the Substantial Presence Test need to submit IRS Form 8843. This form is…
US Child Savings Account Tax Rules Explained
If you have a savings account for your U.S.-born child, consider tax rules. Learn about child savings account…
Filing Tax Returns Abroad: Guidance for Expatriates During Family Emergencies
If you need to file taxes abroad due to a family emergency, it's crucial to understand the process.…
HSA and FSA Tax Guide: Understanding Your Taxation
Discover how to manage your U.S. taxes with this HSA tax guide and learn about the taxation rules…