Oct 2, 2018 | Firm Updates, Individual Tax, Retirement Planning
If you are age 70½ or older, you can make direct contributions—up to $100,000 annually—from your IRA to qualified charitable organizations without owing any income tax on the distributions. This break may be especially beneficial now because of Tax Cuts and Jobs Act...
Oct 1, 2018 | Firm Updates, International Tax
In a previous blog post, we discussed some of the tax options available when a U.S. taxpayer goes overseas for employment. A popular option is to use the Foreign Earned Income Exclusion (FEIE). The FEIE is especially useful now that the Tax Cuts and Jobs Act (TCJA)...
Sep 26, 2018 | Firm Updates, International Tax
As we previously reported, the Internal Revenue Service (IRS) will close the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018. The OVDP was launched in 2009 to encourage compliance with foreign asset reporting, allowing U.S. taxpayers a way to avoid...
Sep 26, 2018 | Firm Updates, Individual Tax, Tax Tips
It seems like you can’t go a single day without hearing something about bitcoin, litecoin, Ethereum, Bitcoin Cash, and, at last count, at least 1,500 other known digital currencies (or “cryptocurrencies”). In light of Bitcoin’s recent meteoric rise to $16,000 per coin...
Sep 25, 2018 | Firm Updates, Individual Tax, Retirement Planning
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year end to save taxes. This year, you also need to keep in...
