By Brian Figeroux, Esq. | Editorial credit: Rabanser / shutterstock.com In a significant policy shift, the Internal Revenue Service (IRS) has entered into a memorandum of understanding (MOU) with the Department of Homeland Security (DHS), permitting the sharing of confidential taxpayer information with Immigration and Customs Enforcement (ICE) to facilitate the identification and deportation of […]
By Brian Figeroux, Esq. Tax laws in the United States play a crucial role in an individual’s immigration status, particularly for green card holders. One of the key decisions for married couples when filing taxes is whether to choose Married Filing Jointly (MFJ) or Married Filing Separately (MFS). This decision has serious financial and legal […]
By Brian Figeroux, Esq. Tax planning is a critical financial strategy that allows individuals and businesses to minimize their tax liabilities while remaining compliant with tax laws. Effective tax planning ensures that taxpayers take advantage of deductions, credits, and exemptions, leading to significant savings. Many people make the mistake of handling their taxes on their […]
By Brian Figeroux, Esq. For individuals who are not eligible for a Social Security Number (SSN) but need to file a U.S. tax return, obtaining a Taxpayer Identification Number (TIN), specifically an Individual Taxpayer Identification Number (ITIN), is essential. This process is particularly significant for non-residents, immigrants, and undocumented individuals, but it raises important questions […]
By Brian Figeroux, Esq. | Editorial Credit: sirtravelalot/ shutterstock.com The tax system in the United States recognizes the potential for inequity when one spouse bears undue liability for tax understatements or penalties caused by the other spouse. To address such situations, the Internal Revenue Service (IRS) offers Innocent Spouse Relief, a provision that shields an […]