Tax

Tax

Educational expense tax deduction in the United States

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.
Tax

Traditional IRA vs. Roth IRA: Advantages and Disadvantages

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.
Tax

US Stock Options and Taxes: The Basics You Need to Know as an Employee

This article provides essential insights into Stock Options and taxes in the United States, catering to employees working in American companies. Learn about how Stock Options work, the distinctions between ISO and NSO, the timing of taxation, and a comparison of tax rates.
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Tax

Tax Incentives and 529 Student Savings Plans for Parenting in the U.S.

We will explain in detail the child tax credit and childcare expense deduction, which are tax incentives for raising children in the United States, and the 529 educational savings plan that effectively saves educational expenses. Here's what you need to know for your child's future.
Tax

Understanding US Real Estate Sales Tax and Timing for Returning Home

Curious about taxes when selling US real estate? Learn about the tax implications and key considerations for timing the sale of your home when returning to Japan.
Tax

California Sales Tax and Use Tax: A Guide for Consumers and Businesses

From fundamental insights to payment methods, explore a comprehensive guide about California Sales Tax and Use Tax for both consumers and businesses.
Tax

What you need to know about tax returns for gambling income and gambling losses

Learn about tax reporting for gambling income and losses in the US. Explore a case study at a Las Vegas casino to understand how to report gambling income and deduct losses accurately. Discover tax-exempt states and if you earned gambling income in the US, feel free to contact us for professional tax assistance.
Tax

Sole Proprietorships and Self-Employment Taxes: The Attraction, Risks, and Effective Tax Savings

Learn about individual business and self-employment taxes in the USA. From obtaining a Social Security number to effective tax-saving strategies, we cover essential points to help you manage your business and private finances efficiently.
Tax

ITIN (Individual Taxpayer Identification Number): Understanding US Tax Reporting

Learn about ITIN (Individual Taxpayer Identification Number) and its significance for tax filings in the United States. Understand who needs an ITIN and how it differs from a Social Security Number (SSN).
Tax

FBAR and FATCA: Understanding Financial Account Reporting in the United States

Learn about FBAR and FATCA, the US laws related to reporting foreign financial accounts and assets. Discover the obligations, deadlines, and potential penalties to avoid for non-compliance.