Categories
Tax

US Tax Filing Requirements for Persian-Americans living in Iran

If you are a U.S. citizen or a Green Card Holder of the United States and live in Iran, you are taxed on your worldwide Income regardless where you earned it. In addition, you are subject to all the US international tax laws including Foreign Bank Account Report (FBAR),  http://www.zflegal.com/services/report-of-foreign-bank-and-financial-accounts-fbar., Foreign Account Tax Compliance Act (FATCA), see http://www.zflegal.com/services/foreign-account-tax-compliance-act-fatca and other […]

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Tax

Job Search Expenses May be Deductible

Taxpayers often change their job in the summer. If you look for a job in the same line of work, you may take a tax deduction for some of your job search costs. Here are some key tax facts you should know about looking for a new job: Same Job.  Your expenses must be for looking […]

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Tax

Orange County CPA, Zaher Fallahi; What to do about an IRS notice?

Each year the IRS sends millions of letters and notices to taxpayers. Although some people may feel anxious when they receive one, many are easy to resolve. Here’s what to do if you receive a letter or notice from the IRS: 1. Don’t panic. Follow the instructions in the letter. 2. There are many reasons the IRS […]

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Tax

Affordable Care Act Online Resources

Publication 5093, Healthcare Law Online Resources, lists ACA resources from the IRS, the Departments of Health & Human Services and Labor, and the Small Business Administration. IRS.gov and HealthCare.gov also have new ACA webpages.

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Tax

Zaher Fallahi, CPA, Tax Attorney; Ten Facts about Adoption-Related Tax Saving

Adoption can create new families or expand existing ones. The expenses of adopting a child may also lower your federal tax. If you recently adopted or attempted to adopt a child, you may be eligible for a tax credit. You may also be eligible to exclude some of your income from tax. Here are ten […]