90 days US passport must be valid for a minimum of one day from the day you enter Costa Rica. As a tourist US nationals cannot stay more than 90 days. For...

Any money you contribute to a traditional IRA that you do not deduct on your tax return is a “nondeductible contribution.” You still must report these con...

A bona fide residency requirement asks a person to establish that he or she actually lives in a certain location. This can be established by the address l...

Form W8-BEN, Certificate of Foreign Status of Beneficial Owner for U.S. Tax Withholding, is used by a foreign person to establish both foreign status and ...

When you receive any scrutiny related notice, the first thing you need to do is to check the validity of the notice and then respond to it accordingly in ...

This means an annuity held by a parent, spouse or another loved one can be willed to a person named as a beneficiary. Annuity owners work with insurance c...

Any gain or loss on the part of the home used for business is an ordinary gain or loss, as applicable, reportable on Form 4797. Any gain or loss on the pa...

To avoid capital gains tax on your home, make sure you qualify: You’ve owned the home for at least two years. This might be troublesome for house-flippers...

Under the cash basis, long-term assets are not capitalized, and, hence, no depreciation or amortization is recorded. Modifications to the cash basis accou...

Monthly service fee. One of the most common characteristics of a checking account is the monthly fee that banks or credit unions charge to maintain your a...