JULY 2017

Celebrating Your Independence by Working Abroad? Remember to Claim the Foreign Earned Income Exclusion

Independence. It has different meanings for different people. For some, it means the ability to live and work anywhere in the world. Taxpayers who have the opportunity to work or travel abroad this year may be so excited about their upcoming travels that income taxes are their last concern. But planning ahead can allow these [...]

2018-11-12T15:44:30-06:00June 22nd, 2017|INTERNATIONAL TAX, JULY 2017|

Getting Off of the Hook for IRS Misclassifying Worker Claims Just Got Easier…

To defend against tax liability, employers may be allowed to access the individual tax returns of its independent contractors whom the IRS have reclassified as “employees”. Those returns could reveal that the employees had already paid income tax on their earnings, thereby reducing the employer’s liability for withholding taxes. This access is all thanks to [...]

2018-11-12T15:44:48-06:00June 16th, 2017|JULY 2017, TAX CONTROVERSY|

The Audit Report: Understanding Your Financial “Taste Test” Results

Start-up and small business owners facing a first-time financial audit might feel like contestants on an episode of the cooking competition show Top Chef, sweating bullets as they await the judges’ decision regarding their culinary efforts. Understanding what goes into an auditor’s report can go a long way toward alleviating that stress. An independent auditor’s [...]