HockTax

11/03/2025

Find out how European wealth taxes impact U.S. expats and what you can do to prepare.

09/18/2025

Smart Strategies for U.S. Expats: Avoid PFIC Tax Traps with the Right Foreign Pension and Insurance Products

U.S. citizens living outside the United States often find themselves confronted by one of the most complex and punitive aspects of international tax: the Passive Foreign Investment Company (PFIC) rules. These rules can transform otherwise ordinary international investments into a tax nightmare. What...

09/16/2025

New Car Loan Interest Deduction for U.S. Expats: Who Qualifies and How?

The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, introduced a host of new tax provisions, including a temporary deduction for interest paid on certain car loans. This deduction, available for tax years 2025 through 2028, has generated significant interest among taxpayers—espec...

08/27/2025

One big beautiful bill will bring changes to US international Tax law. 📑

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, brings sweeping changes to the U.S. international tax regime—especially to the rules governing Global Intangible Low-Taxed Income (GILTI). For multinational businesses and their advisors, understanding these changes is critic...

07/22/2025

Estate and Gift Tax Exemption. What you need to know.

If you’re thinking about your legacy or planning to transfer wealth to your loved ones, you may have heard about the “One Big Beautiful Bill Act” (OBBBA) and its impact on estate and gift taxes. Here’s a straightforward explanation of what’s changing, why it matters, and what you should co...

05/23/2025

Our CPAs look for missed deductions, apportionment, and filing errors at no charge.

We will tell you exactly how high your refund would be if you decide to go ahead and amend.

05/16/2025

Ever felt stuck dealing with the IRS? The Taxpayer Advocate Service (TAS) is a free, independent resource that helps resolve tax issues when no one else can. Learn who qualifies and how to get personal support.

When dealing with the IRS, taxpayers sometimes encounter issues that are difficult to resolve through normal channels. Whether it’s a delayed refund, a confusing notice, or a process that just isn’t working as it should, it can be frustrating and stressful. That’s where the Taxpayer Advocate S...

04/30/2025

If you were affected by a federally declared disaster in 2024, the IRS has extended tax filing and payment deadlines for eligible individuals and businesses. This extension provides extra time to get your documents in order without penalty.

04/25/2025

If you were affected by a federally declared disaster in 2024, the IRS has extended tax filing and payment deadlines for eligible individuals and businesses. This extension provides extra time to get your documents in order without penalties.

03/16/2025

Wondering what the new registration requirement might mean for your tax obligations?

The new requirement for Canadian snowbirds to register in the U.S. primarily impacts their tax obligations by potentially subjecting them to U.S. tax residency rules, including the substantial presence test, and the need to file Form 1040-NR. Here’s a detailed discussion of the implications.Regist...

02/25/2025

For our US Expats 👋 🇺🇸

For U.S. persons living abroad, it can sometimes make sense to request an extension to file their tax return. Understanding the rules around filing deadlines and the Foreign Bank Account Report (FBAR) is important. Here's a breakdown of why an extension might be needed, the relevant filing rules, an...

02/19/2025

🔥 Join Our Live Q&A Session! 🔥
Got questions about your business tax return? We've got answers! Join us for a free live Zoom Q&A where our CPA will be taking your questions and discuss what's new for tax year 2024.
📅 Date: Friday, February 21st
⏰ Time: 2:00 pm EST
📍 Location: Zoom (Register below to get the link)
✅ Register now:
https://zoom.us/meeting/register/5p52S1Y-S2iClzg2KOy-Fw
Tag a friend who needs this! See you there! 🎤💡

Got questions about business tax? We've got answers. Join us for this free Q&A seminar and ask our CPA.