If you are investing in crypto currencies, then protect your investment by staying in compliance with the tax authorities. This includes the IRS and the Israel Tax Authority. The guidelines below are per IRS guidelines.
Crypto Tax Issues
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Child Tax Credit Payments – How to Opt-out
Many people have received “gifts” from the IRS in the form of an unexpected bank deposit or check in the mail. Unfortunately, many of these recipients are not eligible for these payments and will need to return the money to the IRS when they file a 2021 tax return.
Foreign Investment In Real Property Tax Act (FIRPTA)
FIRPTA was enacted to ensure that foreign investors pay U.S federal income tax on the sale or disposition of U.S real property interests (USRPI).
Foreign Earned Income Exclusion (FEIE)
The Foreign Earned Income Exclusion, or FEIE, is a tax benefit that allows you to avoid double taxation by excluding income earned in a foreign country from your taxable income for U.S. purposes.
Latest News on Third Stimulus Payment
The government has authorized additional COVID-19 relief as a part of the American Rescue Plan, which includes more stimulus payments.
Social Security Benefits – How and Why to Qualify
It is safe to say that the retirement benefit is well worth your consideration. Social security also includes other benefits of disability, family survivors, and medicare.