By Creative Planning & adapted by US Tax Consultants. July 30, 2022 U.S. Retirement Accounts IRAs, 401(k)s, Roth IRAs, Individual 401(k)s, 403(b)s, deferred compensation plans and defined benefit employer pension plans are some of the many possible investment...
All you need to know about the Quarterly Estimated Tax Payments When you have a traditional hourly or salaried job, your employer usually withholds income taxes from your paychecks. But if you’re one of the millions of small-business owners, freelancers or other...
The Internal Revenue Service is making progress on its backlog of unprocessed tax returns, as it’s asked by the American Institute of CPAs to extend its recently announced penalty relief through the end of the year. The IRS reported Monday it has reduced the...
Mission-critical functions continue. According to the IRS, they state that they are open and processing mail, tax returns, payments, refunds and correspondence. However, COVID-19 continues to cause delays in some of their services. The service delays include: Live...
We have selected six need-to-know tax issues for U.S. expats to keep in mind before preparing U.S. Tax returns: Mutual Funds, U.S. Bank Account, CTC, Tax Preparation, Streamline Procedure and how to pay the IRS Mutual Funds outside the U.S. (PFICs) All US Citizens...
Crowdfunding is an increasingly popular method of raising money online. Funds are typically raised by soliciting small individual contributions from many people through an electronic fund-raising platform to fundraise for a business, for charity, or for gifts. It’s...
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