Tag Archives

2 Articles

What Do I Do With These 1099’s? NEC? MISC? K? Letters Mean What?

Posted by Felix Assivo on
0
Empowerment
What Do I Do With These 1099’s? NEC? MISC? K? Letters Mean What?

You received your W-2 and some bank interest. Thinking you have all your forms you go to the tax professional and have your taxes filed. Then, the day after your tax return is sent to the IRS a form 1099 with the letters “NEC”, “MISC”, “K”, or some other letter appears in your mailbox. What do you do? Is there anything you need to do? Should you have been expecting the form? Is the form correct? As these questions pass through your mind you think back to 2021 and finally figure out what could have generated the 1099. But, what do you do now? Having a tax professional, not just a tax preparer or a “tax expert”, working with you could have prevented this unexpected surprise. Learn how to deal with these now and how to prevent such surprises in the future.

Click Here for the complete story…

Should I Work Abroad? The Challenge of Foreign Earned Income

Posted by Felix Assivo on
0
Business
Should I Work Abroad? The Challenge of Foreign Earned Income

The world is becoming a smaller place. Sometimes an employer may ask you to work at a location outside the United States. Or, you may get a lucrative positive at a company located in a foreign country. Will taxes have to be paid to the United States and the country where I am working? Are there foreign earned income exclusions that I can take to reduce or eliminate double taxation? How do I qualify for these exclusions? What about if I am self-employed while working abroad? These questions and much more will be discussed and explained in this show

Enjoy this blog? Please spread the word :)

RSS
Follow by Email