Travel Nurse Stipends: What you need to know

Travel Nurse

Travel Nurse Stipends What you need to know Written by: Josh Katz, CPA In the dynamic world of healthcare, travel nursing has emerged as a popular career choice for professionals seeking adventure and diverse work experiences. One of the key perks that make travel nursing so attractive is the provision of stipends. You can utilize these […]

2023 FBAR Exchange Rate

FBAR

2023 FBAR Exchange Rate Written by: Josh Katz, CPAUpdated: January 29, 2024 In the world of US taxes, there’s a significant player known as FBAR (Foreign Bank Account Report), especially for American folks who have money matters abroad.FBAR is a crucial financial document that US citizens or residents must file annually with the Financial Crimes Enforcement Network (FinCEN). […]

2023 IRS Exchange Rate

2023 IRS Exchange Rate

2023 IRS Exchange Rate Written by: Josh Katz, CPA In the intricate world of taxation, staying informed about the IRS exchange rate is paramount for individuals and businesses engaged in international transactions. The IRS exchange rate is pivotal in accurately reporting income, deductions, and credits, ensuring compliance with tax regulations. Should you require assistance or guidance, […]

Maximizing Roth IRA Contributions for American Expats

Roth IRA contributions for American Expats

Maximizing Roth IRA Contributions for American Expats Written by: Josh Katz, CPA For expatriates seeking to secure their financial future, it is important to understand the nuances of Roth IRA contributions. A Roth IRA is a versatile retirement savings vehicle that can provide tax-free withdrawals in retirement. However, as an expat, you might be unsure how […]

Tax Filing Options for US Expats: Tax Software vs. Hiring a Tax Professional

Tax Software vs. Tax Professional

Tax Filing Options for US Expats: Tax Software vs. Tax Professional Written by: Josh Katz, CPA Completing US tax returns can pose a challenge, particularly for American expatriates who must navigate the intricate maze of global tax rules. Nevertheless, to make things a bit simple, two primary options emerge: using tax software or enlisting the services […]

Starting an LLC as a Foreigner

Empire State Building -Foreign Owned LLC

Starting an LLC as a Foreigner Written by: Josh Katz, CPA Starting an LLC as a foreigner opens up a world of opportunities for entrepreneurs seeking to establish a business presence in a foreign land. However, the process can be intricate and overwhelming without the right guidance. In this comprehensive guide, we will walk you through […]

Can a US Citizen Work in Canada?

Can US citizens work in Canada

Can a US Citizen Work in Canada? Written by: Josh Katz, CPA For many US citizens, the allure of working abroad is an exciting prospect. Canada is an attractive destination with its vibrant culture, diverse landscapes, and strong economy. However, before packing your bags, it’s essential to understand the legalities and processes involved in working across […]

1040 vs. 1040NR

1040 vs. 1040NR Written by: Josh Katz, CPA When it comes to filing taxes in the United States, two crucial forms come into play – the 1040 and 1040NR. These forms serve as the foundation for individual tax returns but cater to different groups of taxpayers. Understanding the distinctions between them is essential for accurate and […]

IRS Reporting of Foreign Rental Income

Foreign Rental Income

IRS Reporting of Foreign Rental Income Written by: Josh Katz, CPA Foreign rental income is an enticing avenue for investment, offering the potential for steady returns in the global real estate market. However, investors must understand the tax implications when earning income from properties outside the United States. Here at Universal Tax Professionals, we provide personalized US […]

Capital Gains Tax for US Expats

Capital Gains Tax for US Expats Written by: Josh Katz, CPA Understanding the complexity of capital gains tax for US expats is essential for optimizing financial planning and ensuring compliance with tax regulations. As US citizens living abroad, expats remain subject to US tax laws, including those governing capital gains. What is Capital Gains Tax? Capital […]