Jan 16, 2021 | Canadian Tax
1040 Abroad also offers the preparation of Canadian tax returns and this post addresses the deductibility of business expenses when preparing a Canadian tax return on form T1. Feel free to contact us with any Canadian tax questions. Question: I worked from home due...
Jan 3, 2021 | Personal U.S. expat taxes
Welcome into 2021 I’m Olivier Wagner, EA, CPA. I have been operating 1040 awards since 2012 and today I will discuss the seven stimulus check which was passed into law during the last days of 2020. These checks amount to only $600 dollars per person unlike the $1,200...
Nov 13, 2020 | Personal U.S. expat taxes
Good morning. I am Olivier Wagner. I have been operating 1040 Abroad since 2012. I’m an annual agent and a CPA. Today, I will discuss tax residency in Canada. While this is not a U.S. tax concept, it does impact a lot of my clients. We will get an overview of the...
Nov 11, 2020 | Personal U.S. expat taxes
Welcome!!! I am Olivier Wagner. I have been operating 1040 abroad since 2012, preparing returns for Americans who live overseas helping them get into compliance. I sometimes touch upon immigration questions along the way. I am here addressing expatriating acts and how...
Nov 10, 2020 | Personal U.S. expat taxes
I prepared this short video to update you on Joe Biden’s tax proposal. I am Olivier Wagner, EA, CPA. I have operated 1040 Abroad since 2012. I have helped clients in over 100 countries to be tax compliant. You can reach me at 1040abroad.com I want to present this...
Oct 30, 2020 | Personal U.S. expat taxes
According to the Washington Post Americans living overseas are not able to renounce their U.S. citizenship while banks threaten to close their accounts. Aline, 59, a nurse who lives in France, said she was shocked to receive a letter from her bank in February warning...
Sep 1, 2020 | Personal U.S. expat taxes, US expat taxes by different countries
Many U.S. expats are unaware of the fact that they need to file their taxes. So, do not despair for getting caught up with tax delinquency. That’s why we want to give instructions about the form 14653. It certifies that an expat or non-resident U.S citizen was...
Aug 12, 2020 | Business U.S. Expat Taxes, Personal U.S. expat taxes
What do I need to file if I received a gift from a foreigner? That question is common to many U.S. citizens, but the answer is not very familiar. Under the rules of the IRS, Form 3520 is the tax form needed to file when a U.S. person received gifts and bequests from a...
May 29, 2020 | Personal U.S. expat taxes
By way of background, the IRS is issuing stimulus checks/direct deposits to most US taxpayers who have an SSN. If your income was less than $75,000, you would get $1,200 and another $500 per dependent. Interestingly enough, US citizens living overseas are eligible....
