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You must declare amounts on your US tax return in US dollars. This necessitates converting foreign currency into USD if you receive income or incur expenses in a foreign currency. Generally, use the prevailing exchange rate (the spot rate) on the transaction date. Qualified Business Units (QBUs) are an exception.…

You must express amounts on your U.S. tax return in U.S. dollars. This necessitates converting foreign currency, including Euros, into U.S. dollars for reporting income or expenses. Generally, use the prevailing exchange rate (spot rate) on the transaction date. Qualified Business Units (QBUs) may use a foreign currency as their…

The Porsche 993, last of the air-cooled 911s, holds a special place in the hearts of enthusiasts. Importing a European-spec 993 to the US often requires modifications, including adapting the rear license plate area to accommodate US-sized plates. This conversion can seem daunting, but with the right information and parts,…

The Euro 2024 tournament, hosted by Germany, featured 24 national teams competing for the coveted European championship title. The teams were divided into six groups of four, with the top two teams from each group, along with the four best third-placed teams, advancing to the knockout stage. This single-elimination format…

Soccer Skills Euro Cup immerses you in the heart-pounding excitement of European championship football. This fast-paced, realistic online game allows you to compete against the computer or other players worldwide, leading your chosen national team to glory. Navigate through challenging quarter-finals, semi-finals, and ultimately, the grand finale. Whether you call…

The euro weakened against the US dollar, trading around $1.03, due to a stronger dollar after President Trump’s announcement of new global tariffs on steel and aluminum. This amplified existing pressure on the euro, stemming from a widening US-Europe interest rate gap. Robust US jobs data supports the Federal Reserve’s…

The NBA is seriously considering establishing a new, independent Euro League, separate from the existing 18-team competition. NBA Commissioner Adam Silver believes the current EuroLeague isn’t maximizing its commercial potential, creating an opportunity for the NBA to capitalize on the growing European basketball market. Silver stated that while Europe produces…