Jun 12, 2017 | Firm Updates, International Tax
Last week we discussed the process of abandoning U.S. citizenship or lawful permanent resident status. This expatriation process involves legal steps as well as related tax filings. Depending on the financial status of the expatriating taxpayer, an expatriation tax...
Jun 9, 2017 | Firm Updates, Individual Tax, Tax Tips
The Internal Revenue Service (IRS) continues to see an increase in collection scams in which scammers contact taxpayers and demand immediate payment for “taxes owed.” Here are some tips to help you determine if the person contacting you is truly an IRS employee: In...
Jun 7, 2017 | Firm Updates, Individual Tax, Small Business
Do you provide car rides through a mobile app, rent out your spare room using an online platform or repair computers for local businesses on demand? If so, you may be considered part of the “sharing economy” (also known as the Gig or on-demand economy)....
Jun 6, 2017 | Firm Updates, Individual Tax, Tax Tips
With school letting out you might be focused on summer plans for your children (or grandchildren). But the end of the school year is also a good time to think about Coverdell Education Savings Accounts (ESAs)—especially if the children are in grade school or younger....
Jun 5, 2017 | Firm Updates, International Tax
An expatriate is generally defined as someone who has withdrawn from residence in, or allegiance to, one’s native country. But the tax code defines an expatriate a bit more specifically as any U.S. citizen who relinquishes his or her citizenship, or any long-term U.S....
