Tax Nitty Gritty

Article
Aug 13th, 2015

Don’t Ever Ignore These 3 Common IRS Notices

Ed note: Any letter from the IRS is likely to get your attention, but these three should prompt you into swift action. Learn what the mashup of letters and numbers actually means and how to go about responding. Leer en español. Every year, the IRS mails more than 200 million notices to taxpayers. There are […]

Article
Aug 11th, 2015

Individual Taxpayer Identification Numbers and the Child Tax Credit

Ed note: Even if you don’t have a social security number, you may be required to file a U.S. tax return. To do that, you need an Individual Taxpayer Identification Number (ITIN). There is some confusion about what ITIN filers are allowed to claim, or not. Here’s help. Leer en español. Many individuals from foreign […]

business
Jun 19th, 2015

Tax Consequences Of House Flipping

Ed note: Owning real estate can make your tax return a bit more complicated. Figuring taxes when you flip real estate as a side business can be mind-boggling. The most important thing to know is that it is treated very differently from regular home ownership. Here are a few more things to keep in mind. […]

answer
May 1st, 2015

Expat Tax Q&A: I Sold My House. Now what?

Ed note: H&R Block Expat Tax Services is a highly specialized team of tax attorneys, CPAs and enrolled agents whose singular focus is expat tax preparation for Americans abroad. These tax situations can be very complex, so we are featuring some answers to common questions here. Today’s post focuses on how home sales should be […]

abroad
Apr 21st, 2015

Expat Tax Q&A: Do I Really Have to File?

Ed note: H&R Block Expat Tax Services is a highly specialized team of tax attorneys, CPAs and enrolled agents whose singular focus is expat tax preparation for Americans abroad. These tax situations can be very complex, so we are featuring some answers to common questions here. Today’s post focuses on general reporting requirements. Remember that […]

expat
Apr 2nd, 2015

In Love and Tricky Taxes: Filing a Return with a Non-Citizen Spouse [VIDEO]

When two U.S. citizens get married, their tax situation changes. When a U.S. citizen marries a non-citizen, their tax situation gets incredibly complex. Leer en español. If you married a non-citizen, you have to start by determining whether you have a valid marriage for tax purposes. Then, if you have a valid marriage, you must […]