Happy Mother’s Day 2025
Not all superheroes wear capes some are just called ‘Mom.’
Similar Posts
The 330-Day Rule: Common Mistakes That Can Cost Expats the FEIE
What Is the 330-Day Rule? The 330-Day Rule refers to the physical presence test used by some taxpayers to qualify for the Foreign Earned Income Exclusion. To meet the test, a taxpayer generally must be physically present in one or more foreign countries for at least 330 full days during any period of 12 consecutive…
Foreign Earned Income Exclusion Physical Presence Test
Typically, to meet the physical presence test, you must reside in a foreign country or countries for a minimum of 330 full days during a 12-month period. Days can be counted spent abroad for any reason, as long as your tax home is in a foreign country. The 12-month period can start any day of…
Trump Accounts for American Families Living Abroad
Trump Accounts are a new type of tax-advantaged account created under the Working Families Tax Cuts framework. The IRS describes Trump Accounts as a new type of traditional IRA for eligible children, with elections generally made by a parent or guardian. IRS guidance notes that contributions could not begin before July 4, 2026. For American…
A Guide to Cutting Costs for Expatriate Tax Payers
Living as an expatriate is an enriching experience, but it often comes with its own set of financial challenges. Cost management becomes a crucial aspect of your expatriate journey, and smart tax planning is a key component of that strategy. In this guide, we’ll explore effective ways for expatriates to cut costs and how partnering…
Fifth Circuit Reverses Tax Court on Limited Partner Self-Employment Tax in Sirius Solutions
A recent Fifth Circuit decision has put the partnership tax world on alert. In Sirius Solutions, the Fifth Circuit reversed a previous Tax Court ruling regarding the limited partner exception to self-employment tax. The court rejected the Tax Court’s earlier approach and sided with the IRS. This case addressed a specific question: can individual partners…
