Search Results for: child tax credit

Do I have to file a US tax return➥ Child Tax Credit Refund

Are Students Taxed in the UK? If you’re currently residing in the UK and you happen to be studying at a university or college, you might want to know if students are taxed in the UK. Let’s take a look at whether or not students in the UK are taxed and what exactly this means […]

Tax Reform Act What is the Tax Reform Act? The 1986 Tax Reform Act was a law passed by the US Congress with the goal of simplifying the income tax code. The Act reduced the maximum rate on ordinary income (the top marginal tax bracket income tax rates) and raised the tax on long-term capital […]

What is the Small Business Tax Rate in Canada? Corporation tax is one of the biggest financial factors that determines whether businesses grow, remain stable or ultimately start to lose money. Most business owners in Canada cite the reduction of the corporation tax rate as being the largest win for their businesses. In 1971 there […]

Income Level Tax Brackets What are the current income tax rates? In the UK, income is taxed progressively – meaning that the more you earn, the higher tax rate that is applied to you. Taxpayers in the UK must file an annual income tax return. If you are employed, your employer does this for you, […]

Self Assessment Tax Returns What are self assessment tax returns? Self assessment tax returns inform HMRC about what income you have and are designed to be as simple as possible. However, they are very easy to get wrong.

Capital Gains Tax on Property in Australia When you leave the U.S. for Australia and intend to stay indefinitely, you might wonder how much of what you own will be potentially subject to U.S. capital gains tax. As an American living in Australia, it’s important to know about the taxes imposed by both of your […]

IRS Tax Forms and Instructions ➥ Do I have to file a US tax return ➥ What is a taxpayer identification number? The IRS uses a Taxpayer Identification Number (TIN) to administer tax laws. TINs are issued by the IRS, except for your Social Security Number (SSN), which is used by the Social Security Administration (SSA). TINs […]

Country Guides ➥ Filing U.S. tax returns from the UK Filing US tax returns from the UK The truth is, it can be overwhelming and confusing. We’ve put this guide together to cover the main considerations such as ISAs, pensions, salary and self-employment income. You’ll find detailed information on what you have to report regarding […]

Country Guides ➥ Do I have to file a US tax return ➥ Tax free savings accounts Filing a foreign trust form 3520 and 3520-A for a Tax Free Savings Account US citizens living abroad can legally create tax free savings accounts, also known as a TFSA in Canada. A big question for many American expats living […]