Article Highlights: • Primarily Business • Primarily Vacation • Special Circumstances • Foreign Conventions, Seminars and Meetings • Cruise Ships • Spousal Travel Expenses When an individual makes a business trip outside of the U.S. and the trip is 100% devoted to business, all of the ordinary and necessary business travel expenses are deductible, just as if the business … [Read more...] about Combining a Vacation with a Foreign Business Trip? Here Are Some Tax Pointers
Personal Tax
Married to a Non-U.S. Citizen?
Article Highlights: • Worldwide Income • Filing Status • Resident Alien Spouse • Non-resident Alien Spouse • Undocumented Alien Spouse • Substantial Presence Test With modern transportation the world continues to shrink, and it is increasingly common for a U.S. citizen to marry someone from another country who is not a U.S. citizen. If this describes your marital … [Read more...] about Married to a Non-U.S. Citizen?
Tax Consequences of Losing Your Job
Article Highlights: • Severance Pay • Unemployment Compensation • Health Insurance • Employer Pension Plan • Job Search Expenses • Moving Expenses • Home Sale If you have lost your job, there are a number of tax issues that you may encounter. How you deal with these issues can profoundly impact both your taxes and your finances. The following are typical issues along with … [Read more...] about Tax Consequences of Losing Your Job
Are You a Non-Filer? Ready to Escalate Problems with the IRS?
Article Highlights: • Non-Filers • IRS Information Reporting • IRS Prepared Substitute Return • Notice of Deficiency • Tax Court Appeal • Liens and Levies There are millions of individuals who do not file a tax return each year, many of them simply because their income is below the filing threshold levels for the year based upon their filing status. Still others simply … [Read more...] about Are You a Non-Filer? Ready to Escalate Problems with the IRS?
Employer Offered You Health Insurance but You Got Yours through the Marketplace.You May Be in for an Unpleasant Surprise!
Article Highlights: • Premium Tax Credit • Employer “Offer” of Insurance • Affordable • Denial of Premium Tax Credit • Form 1095-C One of the key provisions of Obamacare is the premium tax credit (PTC),which serves as a subsidy for the cost of health insurance for lower-income individuals and families.Although the credit is determined at the end of the year based upon income, … [Read more...] about Employer Offered You Health Insurance but You Got Yours through the Marketplace.You May Be in for an Unpleasant Surprise!