New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

U.S. taxpayers with foreign income face a complex interplay of tax obligations, including the potential to offset foreign taxes paid against their U.S. tax liability through the foreign tax credit ...

If you are a low- or middle-income earner, you may be eligible for hundreds or even thousands of dollars in your 2024 tax ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

A common strategy many wealth management firms recommend is ensuring that as much as 30% of your portfolio includes foreign ...

Don’t wait for the tax season to be in full swing—start working on your U.S. expat tax return now and get a head start.

The Earned Income Tax Credit is a federal tax benefit for workers with low or moderate incomes, regardless of whether they ...

You’ll also be disqualified if you have to fill out a form claiming foreign earned income. See the full IRS eligibility requirements for claiming the earned income tax credit on their website.

The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully refundable, meaning ...

Adv. Sachin P. Kumar successfully represented his client in Foreign Tax Credit dispute before the Income Tax Appellate ...

However, the Centralized Processing Center (CPC), Bangalore, denied the foreign tax credit on the ground that Form No. 67 was not filed within the prescribed due date. The NFAC upheld this decision, ...