Article Highlights: Foreign Earned Income ExclusionHousing ExclusionForeign Informational ReportingForeign Corporation IncomeForeign Tax Credit1040 ChangesMoving Deduction Note: This is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which was passed in late December 2017, … [Read more...] about Living Abroad? Here Is How Tax Reform May Affect You
Tax Reform Puts a Cap on Deducting Business Losses
Article Highlights: Excess Business LossComputing the Loss LimitsNet Operating Losses (NOL)NOL Carryovers Note: This is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December of 2017, could affect you and your family, both in 2018 and future years. … [Read more...] about Tax Reform Puts a Cap on Deducting Business Losses
Tax Reform Limits Exchanges to Defer Taxes
Article Highlights: Deferring Tax with Like-Kind ExchangesChanges Made by Tax ReformImpact on Trade-ins Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs Act (referred to as the “Act” in the article), passed late in December 2017, might affect you and your family in 2018 and future … [Read more...] about Tax Reform Limits Exchanges to Defer Taxes
Can’t Pay Your Taxes by the April Due Date?
Article Highlights: What to Do If You Can’t PayLoansCredit Card PaymentsIRS Installment AgreementsRetirement Funds If you aren’t one of those lucky Americans who gets a tax refund from the IRSyou might be wondering about your options for paying off your tax liability by the April due date. The IRS encourages taxpayers to pay the full amount of their tax liability on … [Read more...] about Can’t Pay Your Taxes by the April Due Date?
Checking Your Federal Refund Status Is Easy
Article Highlights 24/7 Access Quick Posting Direct DepositNecessary Information If you have already filed your federal tax return and are due to receive a refund, you can check the status of your refund online. Where’s My Refund? is an interactive tool on the IRS website. Regardless of whether you have split your refund among … [Read more...] about Checking Your Federal Refund Status Is Easy