There is no foolproof way to avoid being audited even as a digital nomad. The IRS makes most of its selections either based on the fact that the filer is part of a targeted group or because a computer program picked out the tax return for some reason. You might do everything right and still…
Traveling and living outside the USA can be quite exciting. I definitely understand the appeal. However, it doesn’t matter where you go, because the US government still expects you to file a tax return and pay taxes as a US citizen. This is true even if you become a resident of another country and live…
Do you rush to file your tax returns as soon as possible? If you get all your documentation, this might even be as soon as the end of January. But is filing early a good idea? Let’s review the pros and cons to file your taxes early. Then you can decide what’s right for your…
April 15 is a dreaded day for many people simply because it’s the deadline for filing personal income taxes. The truth is this day doesn’t have to be ominous or overwhelming. By getting a jump on your income tax preparation and savings, you can help take the stress out of tax day. Here are 7…
If you own a small business, there are many considerations when planning for taxes. In some cases, you have choices regarding the timing of income and expenses that can impact your taxes both for this year and next. One of the best things you can do is to plan for taxes for your business. Getting…
Filing income taxes can be a stressful experience for anyone. However, the more steps you take to plan ahead for taxes, the better off you’ll be. As the year draws to an end, it’s important for you to begin year-end tax planning before tax season is upon us. If you wait too long to formulate…
You’ve hit the road as a digital nomad. Good for you for embracing this unique lifestyle filled with new places, new faces, and new experiences. However, don’t forget about taxes as a digital nomad. The digital nomad lifestyle comes with many advantages. More freedom, location independence, a better work-life balance, working from anywhere, minimalism …It’s…
There’s a lot of buzz around the new changes to the 1099-K Form and now you’re trying to figure out if and how they affect you. Or maybe you’ve only recently heard about Form 1099-K for the first time. Regardless of how much you know (or don’t know) about Form 1099-K, here are 5 important things you…
While you may think all Roth IRA withdrawals are tax-free. Think again! Let’s review what you need to know about Roth IRA withdrawals for federal income tax purposes. Roth IRA Accounts Let’s first go over what a Roth IRA account is. A Roth IRA is an individual retirement account that is generally not taxed upon…
Everyone seems to want to start an LLC but what makes Limited Liability Companies (LLCs) so special? Let’s break it down so you can understand the importance of LLCs. What’s special about LLCs? LLC owners are called members. Single-member LLCs have one owner. Multi-member LLCs have two or more members and by default are a…
Hi! I’m Heather Ryan, EA and I get RVlife. As a fellow digital nomad, I understand many of the unique tax situations created by travel. I also fully support entrepreneurs and the struggles they face. The goal of this site is to offer my knowledge through advice and tips to real-life situations and questions.
Are you getting ready to transition to full-time RVing? Are you already on the road?
This book has everything you need to know about taxes as an RVer.
Disclaimer:
This website is for general information only and is not intended to substitute for obtaining legal, accounting or financial advice. It is not rendering legal, accounting or other professional advice. Presentation of the information on this website is not intended to create a client relationship. For specific tax assistance please consult a tax professional on an individual basis.
While I make every effort to furnish accurate and updated information, I do not guarantee that any information contained in this website is accurate, complete, reliable, current or error-free. I assume no liability or responsibility for any errors or omissions in its content