Tax Law

US citizens and permanent residents are taxed on their worldwide income. Nevertheless, exemptions exist that will allow most US taxpayers to avoid paying US federal taxes on their foreign-earned...

Although there are no major tax regulations that apply specifically to doctors who work abroad, there are special tax exclusions applicable generally to U.S. taxpayers who work abroad. Since most...

Although U.S. citizens are taxed on their worldwide income, substantial tax benefits apply to U.S. taxpayers who spend all or part of the tax year overseas. The IRS foreign-earned income exclusion...

The earned income credit helps workers, especially those caring for children, keep more of their money. The credit is targeted at wage and salary earners not earning investment income, and who...

An IRS form 1099 is an information return. The 1099-INT provides information regarding interest income earned during the year.

The U.S. requires its taxpayers to list their worldwide income as personal income on their federal individual income tax return, regardless of whether they resided in the U.S. during the tax year...

Income earned on assets held in a revocable living trust is reported and taxed as if it was earned directly by the settlor of the trust. The Internal Revenue Service (IRS) considers a living trust...

If you are a United States citizen or resident alien, you have to report all income to the IRS each year, including income earned in a foreign country. In most cases, you will not have to pay...

This article explains the rules and part of the process for recieving Earned Income Credit on your taxes

If you have income from activities performed in more than one country, you are subject to international taxation law. This is understandably a confusing subject for many people, because...

The earned income tax credit is a valuable tax benefit for people who make some money, but less than a certain amount. The earned income tax credit can significantly reduce the amount of money you...

Most people who work full-time, or even part-time, must file an income tax return. Each year, the Internal Revenue Service, IRS, provides the minimum earned-income information, and if you earned...

Earned income is an IRS designation. It classifies a taxpayer's income according to its source, which has several implications. Not only is earned income taxed at a different rate, and subject to...

If you are an American citizen and are living and earning income overseas, your tax filing procedure is much different than if you were living and earning income within the continental United...