Category: News

What is a survey expense?

A professional surveyor charges a property survey fee to conduct a survey and create a drawing of a landowner’s or homeowner’s property. The drawing shows...

Does an 1120S pay taxes?

How do I file my taxes as an S corp? Form 1120S, U.S. Income Tax Return for an S Corporation is the tax form S corporations (and LLCs filing as S corps) u...

What is a revoked exclusion?

The revoked exclusion rule is designed to prevent taxpayers abroad from switching each year between FEIE and FTC. Simply put, if you had been using FEIE t...

CAN 1040 NR file jointly?

U.S. nonresident aliens filing Form 1040NR cannot use the standard deduction nor all the itemized deductions afforded to U.S. resident aliens, nor can the...

Does foreclosed mean sold?

What Does Foreclosure Mean? A foreclosure is a home that’s seized and put up for sale by the bank that gave the original owner a loan. When you see a home...