It’s my annual “Taxes from A to Z” series! Next up: Z Is for Zloty U.S. resident taxpayers must pay their taxes in U.S. dollars. Of course. But what about international taxpayers? International taxpayers without a U.S. bank account are allowed to transfer funds from their foreign bank account directly to the Internal Revenue Service (IRS)…
A year ago, the biggest story in banking was that the U.S. and Switzerland had reached an accord that would all but end the secrecy afforded to offshore account holders. What a difference a year can make. As summer session draws to a close, the lower house of the Swiss parliament has rejected – twice…
June is a busy month for taxpayers and tax pros alike. Nestled amid due dates for estimated tax payments and deadlines for taxpayers who were out of the country on Tax Day is one of the most overlooked dates for taxpayers: June 30. June 30, just two weeks away from today, marks the due date…
Taxpayer asks: Just curious, are the foreign taxpayers who are not American citizens also going to get the stimulus rebate checks? I’ve heard people from all over the world have been filing tax forms for the stimulus payment. (And apparently, these are non-American citizens who have social security numbers). Taxgirl says: Permanent residents overseas who…
Hate her because she’s beautiful and rich. Supermodel Gisele Bundchen of Brazil topped Forbes.com’s 2007 list of The Top Earning Models in the World with a whopping $33 million earnings last year. Even more surprising, Kate Moss came in second at a “paltry” $9 million – a pretty impressive differential. Estimates as to Gisele’s US…
Changes to the Tax Code, tax reporting, and tax policy are generally reflective of the state of mind of the country at any given time. In other words, Congress uses taxes to modify your behavior (gasp). Think about it… We tax cigarettes and alcohol (sin taxes) to discourage those behaviors and we call those taxes…