Mar 7, 2017 | Firm Updates, Individual Tax, Tax Tips
It’s not uncommon for adult children to help support their aging parents. If you are in this position, you might qualify for the adult-dependent exemption. It allows eligible taxpayers to deduct up to $4,050 for each adult dependent claimed on their 2016 tax return....
Mar 6, 2017 | International Tax
Life in a college town is filled with intellectual and cultural richness that enhances the lives of the residents and the community at large. A college town is also filled with students, scholars, and professors from faraway places and others who may travel abroad to...
Mar 2, 2017 | Firm Updates, International Tax
Please click here to read Linda’s Bruckner’s article “U.S. Tax Implications of Working Overseas—What You Need to Know.” This article originally appeared in the March 2017 TaxStringer and is reprinted with permission from the New York State Society of Certified Public...
Feb 28, 2017 | Firm Updates, Small Business, Tax Tips
If your business made repairs to tangible property such as buildings, machinery, equipment, or vehicles last year, you may be eligible for a valuable deduction on your 2016 income tax return. But you must make sure they were truly “repairs” and not actually...
Feb 27, 2017 | International Tax
The final form we will discuss as part of our blog series on corporate international tax issues is Form W-8. These are a series of IRS forms that are used by foreign individuals or entities to document their foreign status or make a claim of treaty benefits (if...