by Antonio Rodriguez | Dec 31, 2018 | FATCA, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
1. New Individual and Capital Gains Tax Rates:The Act maintains the current seven individual tax brackets but generally reduces the applicable tax rates. A comparison of the individual tax brackets that would have been in effect for 2018 prior to passage of the Act...
by Antonio Rodriguez | Dec 8, 2018 | FATCA, FBAR, US Tax Return 1040 / 1040NR
When it comes to transactions between family members, the tax laws are frequently overlooked, if not outright trampled upon. The following are three commonly encountered situations and the tax ramifications associated with each. Renting to A Relative – When a...
by Antonio Rodriguez | Oct 29, 2018 | Finances, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
According to the paper published by the Yale Journal on Regulation Bulleting , Vol. 36, 2018 by SeanP McElroy, the mandatory “repatriation tax is unconstitutional. In late 2017, Congress passed the first major tax reform in over three decades. This Essay...
by Antonio Rodriguez | Jul 5, 2018 | Finances, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
The Internal Revenue Service has debuted a prototype of the new Form 1040 that hundreds of millions of Americans use to file their annual taxes. The new “postcard sized” form will be used for the 2018 income tax year, which most Americans will file by...
by Antonio Rodriguez | Apr 11, 2018 | FATCA, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
IRS Announces End of Offshore Voluntary Disclosure Program En español a continuación The Internal Revenue Service announced on March 13th that it will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018. By...
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