As a U.S. citizen living abroad, you are still subject to U.S. income tax on your worldwide income. Often overlooked, however, is the requirement to keep filing a state tax return in some cases.
After falling for most of the year, markets rebounded in the fourth quarter of 2022. Evidence of easing inflation paired with a resilient labor market spurred hopes that the Federal Reserve might slow the pace of monetary tightening, leaving room for a goldilocks "soft landing" scenario—whereby inflation reverts to pre-pandemic levels without triggering a significant recession.
All bear markets are painful, but each has its unique mix of causes, and each is painful for its own reasons. The standout characteristic of the current market is the simultaneous decline in stock and bond prices.
This updated guidance from the IRS for distributing Inherited IRAs would substantially constrain tax planning flexibility for most non-spouse beneficiaries if adopted as proposed.
More Americans than ever are considering moving to Europe, with France one of the leading destinations. Is their investment portfolio ready for it?
(...) the second quarter of 2022 was challenging for investors. Stocks officially fell into bear-market territory. Bonds sold off, too. Technology stocks and cryptocurrencies crashed, triggering bankruptcies or closures of several crypto lenders and hedge funds.