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 | 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 | Feb 26, 2021 | Foreign Earned Income Exclusion, Tax Planning
As promised, this week we are going to discuss the Foreign Earned Income Exclusion, or FEIE for short. Since I expect many of you to already be familiar with the FEIE, and for those of you living in the USA it is not currently relevant, we are going to do this via...
by Marina Hernandez | Feb 18, 2021 | Tax Myths, Tax Planning
Today I came across an excellent post by a tax attorney who writes for Bloomberg Tax, and I just had to share it with you. It was written by Tax Lady and attorney Kelly Phillips Erb of Bloomberg Tax. Kelly writes about the most common tax myths in the US tax world,...
by Marina Hernandez | Feb 10, 2021 | Tax Planning
As promised last week and on January 28th to the attendees of the Financial Fitness for the New Year Webinar, we are going to provide written answers to the questions we were unable to cover in enough detail after the event. We will answer 10 of those questions in...
