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Tax Glossary
What Is “Form 1095-B”?
What Is “Form 1095-B”? Form 1095-B, officially titled “Health Coverage,” is a tax document that proves you and your family...
Tax Glossary
What Is “Form 1095-A”?
What Is “Form 1095-A”? Form 1095-A, also known as the “Health Insurance Marketplace Statement,” is an IRS document sent to...
Tax Glossary
What Is “Form 1040-X”?
What Is “Form 1040-X”? Form 1040-X is the official IRS form used to “amend” or fix an individual income tax...
Tax Glossary
What Is “Form 1040-SR”?
What Is “Form 1040-SR”? Form 1040-SR is a specialized version of the standard U.S. individual income tax return designed specifically...
Tax Glossary
What Is “Form 1040”?
What Is “Form 1040”? Form 1040 is the official IRS document that U.S. taxpayers use to file their annual income...
Tax Glossary
What Is “Foreign Tax Credit”?
What Is Foreign Tax Credit? The Foreign Tax Credit (FTC) is a non-refundable tax credit designed to prevent U.S. taxpayers...
Tax Glossary
What Is “ Foreign source income ”?
Foreign source income refers to money you earn or receive from activities, investments, or payers located outside of the United...
Tax Glossary
What Is “Foreign Housing Exclusion”?
What Is “Foreign Housing Exclusion”? The foreign housing exclusion is a tax benefit that allows U.S. citizens or resident aliens...
Tax Glossary
What Is “Foreign Earned Income Exclusion”?
What Is “Foreign Earned Income Exclusion”? The Foreign Earned Income Exclusion (FEIE) is a tax provision that allows U.S. citizens...
Tax Glossary
What Is “ Foreign earned income ”?
Foreign earned income is money you receive in exchange for personal services or work performed while you are physically located...