Can You Deduct Employee Expenses?
On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and may not apply to tax returns starting in the 2018 tax year. You may wish to speak to your tax advisor about the latest tax law. This publication is provided […]
So You Want To Deduct Your Work Clothes; Better Read This
On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and may not apply to tax returns starting in the 2018 tax year. You may wish to speak to your tax advisor about the latest tax law. This publication is provided […]
Better to Sell or Trade a Business Vehicle?
On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and may not apply to tax returns starting in the 2018 tax year. You may wish to speak to your tax advisor about the latest tax law. This publication is provided […]
Does Your Employer Misclassify You as an Independent Contractor Instead of as an Employee?
On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and may not apply to tax returns starting in the 2018 tax year. You may wish to speak to your tax advisor about the latest tax law. This publication is provided […]
Ask The Taxman: When Should I and When Do I Have To File A Return?
Ask The Taxman: When Should I and When Do I Have To File A Return? Three things must be considered when determining whether you are required to file a return: your age, your filing status and your income. Generally, once you reach a certain income level, the law requires you to file regardless of if […]
Overseas Filers Time Is Running Out
US taxpayers living and working abroad. have until June 17th, 2016 to file! This 2-month extension is not available to citizens and resident aliens who are merely traveling outside the country. Members of the military and others serving in combat zones have until 180 days after they leave those zones to file returns and pay […]
US Tax Advice for US Expatriate Living and Working in China
US Tax Advice for US Expatriate Living and Working in China. Tax Guide for US Expats Living and Working in the China Download Our Expat Tax Guide Who Is Liable For Income Taxes In China In China, Chinese residents are subject to tax on both their “China-Source” income (income derived within China) and “Non-China […]
ASK THE TAXMAN: I Received a Form 1099-C- Cancellation of Debt, What Do I Need to Know?
ASK THE TAXMAN: I Received a Form 1099-C- Cancellation of Debt, What Do I Need to Know? What Is a 1099-C? A Form 1099-C is a Cancellation of Debt, which is required to be filed if a creditor has cancelled a debt greater than $600 or more, if:1) the creditor is an applicable financial entity, […]
Do I qualify for Head of Household?
Do I qualify for Head of Household? Yes, if you: Were unmarried as of December 31, 2016 and Paid more than half the cost to run your home (or the home of a qualifying parent) in 2016 (rent, mortgage, utilities, etc.) and Supported a qualifying child (see below). If you were still legally married as of December […]
How to Reconcile the Difference between Gross Receipts and Receipt Reported on Form 1099-K
How to Reconcile the Difference between Gross Receipts and Receipt Reported on Form 1099-K Post 2011, Taxpayers will receive IRS Form 1099-Ks from most of the Payment Processors if more than $20,000 in sales and more than 200 transactions. A single transaction of more than $20,000, or more than 200 transactions totaling less than $20,000, may result […]