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Personal Tax – Page 2 – RMS Accounting
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Important Crypto & Virtual Currency Update

๐“๐ก๐ž ๐ˆ๐‘๐’ ๐ก๐š๐ฌ ๐ฆ๐จ๐ฏ๐ž๐ ๐ญ๐ก๐ž ๐ฏ๐ข๐ซ๐ญ๐ฎ๐š๐ฅ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐œ๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง from Schedule 1 of the 2019 Form 1040 to the first page of the 2020 Form 1040 and Form 1040-SR. The question asks, “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial...

Resident Aliens vs Non-Resident Aliens

๐——๐—ถ๐—ฑ ๐˜†๐—ผ๐˜‚ ๐—ธ๐—ป๐—ผ๐˜„ ๐˜๐—ต๐—ฎ๐˜ ๐˜†๐—ผ๐˜‚ ๐—ฑ๐—ผ๐—ปโ€™๐˜ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ฎ ๐—น๐—ฒ๐—ด๐—ฎ๐—น ๐—ฟ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐˜ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—จ.๐—ฆ. ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ฎ ๐˜๐—ฎ๐˜… ๐—ฟ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐˜ ๐—ฎ๐—ป๐—ฑ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ฎ๐—ป ๐—ผ๐—ฏ๐—น๐—ถ๐—ด๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐˜๐—ผ ๐—ณ๐—ถ๐—น๐—ฒ ๐—ฎ ๐—จ.๐—ฆ. ๐˜๐—ฎ๐˜… ๐—ฟ๐—ฒ๐˜๐˜‚๐—ฟ๐—ป? Non-U.S. citizens that live in the U.S. as residents are required to file U.S. income tax return and pay tax on their worldwide...