What Is the Foreign Housing Exclusion?
The Foreign Housing Exclusion is a lesser known money saving tactic that can help limit tax liability for U.S. taxpayers living abroad. The Foreign Housing Exclusion, also referred to as…
What Is FATCA?
As a U.S. citizen living and working overseas, it is likely that throughout your time in your country of residence you have opened a foreign bank account, invested in foreign…
Expat Taxes for Americans in Australia
Australia is a popular country for U.S. expats: aside from the beautiful beaches and sunshine, Australia has a relatively accessible residency system and provides a welcoming environment for people from…
What Are the Tax Advantages & Disadvantages of a Sole Proprietorship?
Starting a business is a big endeavor and one of the most important decisions that will be made as a business owner is what type of entity the business should…
What Is a Nonresident Alien for Tax Purposes?
Nonresident aliens who live within the United States have unique requirements when it comes to tax season. Depending on the status of the individual, they may be required to file…
What Is a Resident Alien for Tax Purposes?
Resident aliens are living and working within the United States, and therefore pay similar taxes to U.S. citizens. However, the tax process can be complicated by various forms that are…
Senate Finance Committee’s International Taxation Overhaul
The Senate Finance Committee released an article last week highlighting changes they plan to make to the current international taxation system. These changes will be made in an effort to…
Biden’s Infrastructure Plan: What You Need To Know
President Biden announced a new infrastructure plan last week that he has dubbed “a once-in-a-generation investment in America.” Biden promises that this infrastructure plan will create millions of good-paying jobs,…
What You Should Know About the Tax Cuts and Jobs Act
The 200-page Tax Cuts and Jobs Act (TCJA) was passed in 2017 and still has officials and tax experts questioning tax codes and compliances in 2021. The TCJA made many…
Evolution Tax & Legal’s Week in Review – September 14, 2020
For this week’s in review, we discuss a remaining issues in obtaining forgiveness on PPP loans provided to employee-owners, commentary on Democratic nominee Joe Biden’s proposed tax plans, and the…