US taxes

/US taxes

Why should I keep records for my US taxes?

Good organization and recordkeeping is very important when tax deadlines approach in April (June for those living overseas). Good recordkeeping will help you with the following: –        Prepare accurate income tax returns –        Ensures you will provide all necessary information to you CPA –        Keep track of valuable deductible expenses –        Give you peace of [...]

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2013 US Tax Changes

The IRS has recently implemented some changes with the American Taxpayer Relief Act of 2012 that may affect taxpayers working and living in Hong Kong and abroad beginning in 2013. Some of these changes are:  2013 tax rates up to 39.6% for income over $400,000 single and $450,000 married filing jointly 2013 AGI above $250,000 [...]