by Marina Hernandez | May 22, 2021 | Foreign Tax Credits, Tax Planning
In this post, we´re going to discuss how to find out the status of your 2020 tax refund and review Part 2 of foreign tax credit calculations. Last Friday, May 17 was Tax Day, and you either filed your tax return, or you filed a request for an extension of time to file...
by Marina Hernandez | May 12, 2021 | Tax Identity Fraud
“My SSN has already been used on a tax return and I can’t e-file. What should I do?” Today we are going to discuss what to do if you are so unlucky as to be faced with this problem. You prepare your tax return. You clear all the e-filing reviews, click on...
by Marina Hernandez | Apr 24, 2021 | Foreign Tax Credit, Tax Planning
In the last post, we start talking about Foreign Tax Credits. In this post, we will talk about how they need to be broken down into their different basket categories before they can be applied against US income tax to avoid double taxation. Foreign Tax Credits (FTCs)...
by Marina Hernandez | Apr 11, 2021 | Child Tax Credit, Foreign Tax Credit, Tax Planning
This week we´re going to talk about Child Tax Credit and Foreign Tax Credit. One of the most difficult topics of financial literacy is understanding tax matters. Let’s try to grow our knowledge about taxes in this post by learning about two important subjects: The...
by Marina Hernandez | Mar 27, 2021 | Coronavirus Tax Relief, Foreign Earned Income Exclusion, Stimulus Payments
In this post, we´re going to talk about ARPA, the American Rescue Plan Act, which recently became law, and FEIE (Foreign Earned Income Exclusion). Have you received your third individual payment, EIP3, yet? If you haven’t, possible reasons include: You have not filed...
