US Tax Advice for US Expatriate Living and Working in the United Arab Emirates
Who Is Liable For Income Taxes in the United Arab Emirates The United Arab Emirates and Dubai do not have an income tax on earnings of its residents and employees. To learn more about the history, culture, economy and other information about the United Arab Emirates We have been preparing US income tax returns for US […]
US Tax Advice for US Expatriate Living and Working in China.
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 Source” income (derived outside of China). Individuals classified as non-residents are subject to tax on the “China-Source” income only. Who is liable. People’s Republic of China (PRC) residents […]
US Tax Advice for US Expatriate Living and Working in the United Kingdom
Who Is Liable For Income Taxes In The United Kingdom The taxation of individuals in the United Kingdom is determined by residency and domicile. Tax residents are liable to U.K. tax on their worldwide income. However, some short term residents and individuals who are regarded as not domiciled in the United Kingdom may be subject […]
US Tax Advice for US Expatriate Living and Working in India
Download Our Expat Tax Guide Tax Guide for US Expats Living and Working in India Who Is Liable For Income Taxes In India Residents are subject to tax on their worldwide income. Persons who are resident but not ordinarily resident are taxed only on Indian-source income, income deemed to accrue or arise in India, […]
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 […]
IRS Increasing Audit Rates By Getting Smarter- They Are Conducting More Correspondence Audits.
The IRS has finally realized they do not have enough auditors, which on the surface sounds like a good thing. Here is the bad news; they have also realized they can conduct five times the number of “correspondence audits” in the time that it takes to perform one field audit. Does that mean I am […]
Ask The Taxman: I Have a Contractor That Will Not Provide Their Tax ID Number for The 1099M; What Should I do?
According to the IRS instructions, you should document the attempts you made to obtain the ID number, mail the 1099, file the 1096 with no number and provide the IRS a summary of your attempts to obtain the ID number. You will receive a letter stating the form was not properly completed, but there will […]
How Long Will An IRS “Currently Not Collectible” Status Stay In Place?
If you are in the Currently Not Collectible Status, it is because you have provided a collection information statement to the IRS and have proven that you do not have the ability to pay due to a financial hardship. The fact that you are in Status 53 “Currently Not Collectible Status” (CNC) protects you from […]
3 Critical Things to Know Before Trying To Deal With the IRS On Your Own
Knowledge is power! Understanding what you are getting yourself into is absolutely critical, when is comes to dealing with the IRS. The best approach to solving IRS problems is careful consideration of your situation as a whole before jumping in. Before considering resolving any IRS problem on your own, here are three things that I […]
“Can Bankruptcy Eliminate IRS Taxes”
“But I thought bankruptcy couldn’t eliminate IRS taxes…” In our practice we perform a financial analysis with every client based upon five potential solutions; 1) Partial or Full Pay Installment Agreement, 2) Innocent or Injured Spouse, 3) Penalty Abatement, 4) Offer in Compromise and 5) Bankruptcy. I hear this often, IRS taxes cannot be discharged […]