Ryan McInnis 
Hopefully, your investment portfolio is performing well and looking at it brings you joy. Unfortunately, certain investments can prove excruciatingly frustrating, even when they’re performing well. Investments in a passive foreign investment company are subject to complicated IRS rules, and this complication is very much intentional. So is the exorbitant tax rate on these investments, … Read more
Come tax time, it may feel like trying to figure out where to get your taxes done is even more complicated than actually doing them yourself. You’ll find a wide variety of tax preparation software both on store shelves and online, with many online programs offering you access to a free version of their software. … Read more
Stock options and restricted stock units are a great way to build wealth over time. Unfortunately, stock compensation is taxable and if the stock price is rapidly appreciating, you can end up owing a pretty big tax bill when your stock vests. One way to potentially limit this tax liability is by taking a Section … Read more
You became a doctor so you could help people but, honestly, the money doesn’t hurt either — until tax time. As someone who makes a good living, you’re also someone who can acquire a hefty amount of tax liability throughout the year. Fortunately, there are many things you can do to reduce that liability, giving … Read more
As a small business owner, you probably won’t manage to reduce your tax liability as low as some of the infamously rich, but that doesn’t mean you shouldn’t try. There are several self-employed tax write offs you can use to save on your tax bill. The trick is to find them and then use them … Read more
If you’re self-employed, there can be a lot confusion around the optimal way to pay yourself from your business entity. If you pay yourself, some natural questions arise. Are you still considered to be an employee? Should you take a salary or is there a better way to pay yourself? How is all this money … Read more
The tax laws that apply to U.S. citizens are notoriously complex, and the rules aren’t any easier for resident aliens. In fact, come tax time, you may discover that the IRS and the United States Citizenship and Immigration Services (USCIS) don’t assign you the same status. That’s why today we’re going to explain your alien … Read more
Being self-employed is great in so many ways. You have a flexible schedule, you can choose your own clients and of course you get to keep all the upside from your hard work. One big drawback though are the self-employment taxes that you owe every quarter. Thankfully there’s a fairly simple way to avoid those … Read more
People often joke about creating offshore accounts to hide money from the taxman, but the IRS isn’t laughing. In reality, Uncle Sam has an incredibly long reach and no qualms at all about collecting foreign income taxes from money Americans earn abroad. Here’s what you need to know if you’re earning income both in the … Read more
Working for a startup can be an exciting prospect that gives you an opportunity to make a significant impact on a company’s culture as well as the products and services they bring to market. Compensation can get tricky, however, as cash-strapped new companies look for creative ways to compensate employees. Stock options and incentives can … Read more
