Can You Claim the Home Office Deduction?
A growing number of Americans are working at home these days. In our increasingly digitized society, it is far easier […]
Tax Preparation, Taxes
Financial Planning
U.S. and Canada IGA: How FATCA Will Impact Canadian Account Holders
The United States and Canada recently signed an Inter-Government Agreement (IGA) obliging Canadian banks to send information to the U.S.
Banking
Foreign Bank Account Reporting: When is an FBAR Filing Required?
Americans with bank accounts in foreign countries are often required to file a Report of Foreign Bank and Financial Accounts
Mortgage, Taxes
How Owning a Home Can Lower Your Tax Burden
All things being equal, owning a house is generally preferable to renting. If your monthly mortgage payment is about the
Taxes
Should I Pay My Self-Employed Taxes Quarterly or Annually?
Most U.S. taxpayers only need to worry about filing a return once a year. However, if you are self-employed or
Financial Planning, Mortgage
Mortgage Debt Forgiveness Act Expiration: Tax Implications for Homeowners
In 2007, Congress enacted the Mortgage Debt Forgiveness Act to help homeowners affected by the housing crisis. This law remained
Taxes
What is Tax Deductible When I Own a Home?
Home ownership is a big step that comes with many changes and new responsibilities. While there is nothing better than
Tax Preparation, Taxes
Important Tax Deductions for the Self-Employed
November is National Entrepreneur’s Month, and a good time to look at some of the tax implications of being self-employed.