A block illustration of a non-resident person surrounded by tax forms and documents, with "1040-NR" highlighted.

US Tax Filing for Non-Residents: A Complete Guide

This comprehensive guide simplifies US tax filing for non-residents, covering filing requirements, deductions, credits, and unique considerations like having US citizen children.

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An advertising illustration of a joyful taxpayer holding a large check symbolizing "Tax Savings" achieved through cost segregation.

Unlock Tax Savings in Your Property: A Guide to Cost Segregation

Unlock significant tax savings and boost your property’s cash flow with cost segregation, a strategic tax strategy that accelerates depreciation and maximizes deductions.

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A block illustration depicting the intergenerational transfer of assets, with the "step-up basis" as a staircase raising the asset's value, including elements like a house, stocks, and money.

Inheriting Assets? Understanding the Step-Up Basis

Inheriting assets like a house or stocks can be a mix of emotions. While it's a time to remember loved ones, it also comes with tax questions. One important thing to know about is the "step-up basis." It might sound complicated, but don't worry, we'll explain it in a way that's easy to understand. Key…

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The Child Tax Credit: Planning for Change

The Child Tax Credit is a valuable tax credit that helps many families reduce their tax burden. For the 2024 tax year, the maximum credit is $2,000 per qualifying child and $500 for other dependents. Additionally, the refundable portion, known as the Additional Child Tax Credit (ACTC), is up to $1,500 for 2024. Key Takeaways…

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A block illustration of a house divided into two halves, representing a couple's share in a divorce settlement, with one half slightly larger to indicate the spouse who retains ownership after the buyout. The keyword "House Buyout" is subtly incorporated within the image.

Divorce Settlement Strategies: How to Optimize Your House Buyout for Tax Benefits

Learn how to optimize your house buyout during a divorce to minimize tax liabilities and maximize financial benefits by understanding capital gains exclusions, mortgage interest deductions, and state-specific property laws.

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Should You File a Tax Return Even if You’re Not Required To? Tax year 2024/2025

Discover why filing a 2024 tax return might benefit you even if you’re not legally required, uncovering potential refunds, valuable credits, and smart financial strategies.

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A block illustration of a house divided in half, with one half larger than the other, representing a divorce buyout. The keyword "Cost Basis" is displayed on the foundation.

Divorce and Your House: Understanding the Tax Basis After a Buyout

Understanding your home’s cost basis after a divorce buyout is crucial for navigating the tax implications of property division, especially considering IRS Section 1041 and potential capital gains exclusions.

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A block illustration showing a globe with flags representing different countries, connected to a central point labeled "US Taxes," with icons for key expat tax concepts.

US Expat Taxes: A Complete Guide for Americans Living Abroad

This comprehensive guide clarifies US tax obligations for expats, covering the Foreign Earned Income Exclusion (FEIE), Foreign Tax Credit, filing requirements, and other crucial considerations for Americans living abroad.

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An advertising illustration of a relaxed individual surrounded by cryptocurrency symbols and graphs, with a thought bubble showing a "0%" tax rate, symbolizing tax optimization strategies.

A Comprehensive Guide to Cryptocurrency Taxes (2024)

Hey there, fellow crypto enthusiasts! Ever wonder if those Bitcoin gains could mean a bigger tax bill? At XOA TAX, we're here to help you navigate the world of cryptocurrency taxes – no confusing jargon, just friendly guidance. Think of us as your tax buddies, here to break it down in a way that's easy…

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Cryptocurrency Tax Minimization Strategies for Wealthy Investors

Learn savvy strategies to minimize your cryptocurrency tax liability, including loss harvesting, HIFO accounting, and advanced techniques for high-net-worth investors.

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