August 2023

Introduction: The Interlink of Health and Wealth Ah, the blissful union of health insurance and taxes. Two things most people adore talking about, right? Jokes aside, if you’ve availed health insurance through the Marketplace, you’ve likely encountered Form 1095-A. Let’s unravel this document and its significance in your tax journey. Decoding Form 1095-A Form 1095-A, known as the Health Insurance Marketplace Statement, is essentially a proof of insurance. It provides details about the insurance you’ve […]

Introduction: Global Assets, Local Taxes In an age of globalization, it’s not unusual for individuals to have assets or trusts in foreign countries. But with global assets come local tax implications. Enter the Form 3520. If this form is a new acquaintance, allow us to introduce you. Deciphering Form 3520 Form 3520, also known as the Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, is a document used to