Is the “Spaargeld BV” Obsolete?

Through 2022 the way the Netherlands taxed savings and investments was based on a deemed asset allocation and a deemed rate of return.  This was calculated in “Box 3”.  So your tax was based on an asset allocation that was almost certainly not accurate and...

2020 and 2021 Charitable Contributions with Standard Deduction

Normally to get a benefit from charitable donations you need to use Itemized Deductions on your US Tax Return.  However, for 2020 and 2021 the CARES Act has a provision that allows for a deduction of up to $300 for Single, Head of Household or Married Filing Jointly...

Owe taxes? No passport!

I have had many questions in the past about whether or not owing taxes will result in you being denied entry to the US.  My answer has always been that as a US citizen you have a right to enter the US, and only if you had already been found criminally liable and there...