Tax

Renouncing U.S. permanent residency has significant tax implications. This article provides a detailed guide on income tax filing and exit tax after renouncing permanent residency, along with essential tax advice.

A detailed explanation of the Small Business Health Insurance Credit in the U.S. Learn about eligible business entities, purchasing through SHOP, and the application process for this important tax credit.

Discover the tax reporting responsibilities for Japanese owners of US LLCs. This article provides a detailed explanation of the requirements, procedures, and deadlines for filing Form 5472.

Understand the Corporate Transparency Act (CTA) coming into effect in 2024. An insightful guide on compliance obligations, exemptions, and penalties for non-compliance, targeting new and existing businesses.

Learn about the foreign tax credit for U.S. residents earning income in Japan. Discover the procedures, calculation methods, and essential points to effectively save on taxes.

Explore the U.S.-Japan tax treaty, along with Form W-8BEN and Form 6166, in this comprehensive guide. Clear explanations of tax procedures and the fundamentals of the U.S.-Japan tax treaty are provided in this article.

Explore the ins and outs of home office deductions in the U.S. and learn how remote workers can maximize tax benefits. Discover the eligibility criteria, calculation methods, and essential record-keeping practices to save on your taxes.

Gain a deep understanding of Section 179 deduction and bonus depreciation in U.S. tax law. Learn how to effectively leverage assets to minimize taxes and seize tax-saving opportunities for your business. Get essential insights for maximizing tax savings.

Learn about the American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit (LLC), two key education-related tax deductions in the United States. Find out who qualifies, the necessary criteria, income limits, and how to claim these tax credits.

In personal financial planning, it's crucial to consider pensions and investments for securing post-retirement funds. Traditional IRA and Roth IRA are popular choices, each with its own advantages and disadvantages. Explore the details of these retirement plans and understand the key factors to consider in making the right choice.