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Related Information
We're excited to share tax and accounting insights in this evolving business landscape. Please note, the following information is for reference only and may change with tax regulations. We'll do our best to keep it updated—stay tuned!
Do I need to pay taxes on gifts I receive in the U.S.?
The U.S. gift tax applies to transfers without return. Givers pay the tax; understanding exemptions avoids penalties.
PurpleAnts
Oct 26, 2024
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Do I need to report FATCA & FBAR？
Do I need to report my overseas assets and income to the IRS? The answer can be Yes or No, depending on your financial situation. If...
PurpleAnts
Sep 12, 2024
3 views
Compare Health Savings Account (HSA) and Flexible Spending Account (FSA)
In the U.S., Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) are two popular tools designed to help people save on...
PurpleAnts
Jul 23, 2024
4 views
Understanding Your Employment Tax or Self-employment Tax
In the U.S., whether you are an employee or self-employed, understanding payroll tax and self-employment tax is crucial. This article...
PurpleAnts
Jul 2, 2024
5 views
All U.S. companies must report BOI (Business Ownership Information).
The Corporate Transparency Act (CTA) takes effect on January 1, 2024. All companies registered and operating in the U.S. must submit...
PurpleAnts
May 27, 2024
2 views
Can I file taxes without a Social Security Number (SSN)?
Even if you do not have a Social Security Number (SSN), you may still be able to file taxes with the Internal Revenue Service (IRS) while...
PurpleAnts
Feb 18, 2024
7 views
Do I need to report income from third-party electronic wallets like Venmo, Cash App, or PayPal for tax purposes?
In 2006, the IRS identified that up to $450 billion in taxes were underestimated, which corresponded to a 17% non-compliance rate among...
PurpleAnts
Dec 21, 2023
1 view
Tax Filing Requirements for Oversea Students study in U.S.A.
Introduction Studying in the United States is an exciting and transformative experience, but it also comes with certain responsibilities,...
PurpleAnts
Nov 30, 2023
2 views
About U.S. Personal Tax
The U.S. individual income tax is a tax collected by the federal and state governments. It is one of the main sources of revenue for the...
PurpleAnts
Jun 28, 2023
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Do I pay foreign income tax if I’m a U.S. citizen working overseas?
Do Americans have to pay foreign income tax while working overseas? It’s a common question, and if you’re one of the millions of U.S....
PurpleAnts
May 6, 2023
2 views
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