Biden’s Build Back Better bill has passed the house and there’s no way we can predict if and when it will pass the Senate. Just in case, there are some things you can do before December 31, 2021 to save some tax dollars. If possible, accelerate any of your 2022 income into 2021 to avoid…
Keeping your tax-related documents is extremely important in the digital age. If you are storing your tax documentation on a computer, be sure that the computer itself is protected. Use lengthy and unique passwords and restrict access to only those necessary. We recommend changing your passwords frequently for maximum security. Additionally, consider keeping the information…
If you are living abroad and are receiving income from your employer for housing, you may be eligible for the Foreign Housing Exclusion. Employers may offer housing funds directly to you or may include them as part of your overall income. Both options are acceptable qualifies for the exclusion for the deduction. Those who are…
Identity theft occurs when a piece of your personal information is stolen and used to commit fraud. If your data is accessed, it could be used to open new accounts, make unauthorized purchases, or file taxes for a fraudulent refund. The IRS may reach out to you via mail should there be any suspicious activity…
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