Oct 10, 2017 | Firm Updates, International Tax
A dual status year describes the tax year when a foreign individual is a part-year U.S. resident taxpayer. This commonly occurs when a person comes to the United States and becomes a resident during the year or when someone leaves the United States and becomes a...
Oct 4, 2017 | Firm Updates, Small Business
In the current competitive medical environment, people are presented with a range of options for medical care, so attracting patients is increasingly challenging for physicians. One key to getting patients in the door of your medical practice is to create a marketing...
Oct 4, 2017 | Firm Updates
Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed that floor (typically a specific percentage of your income). One example is the medical expense deduction. Because it can be...
Oct 3, 2017 | Firm Updates, Individual Tax, Tax Tips
Wolters Kluwer has prepared a special report on the tax impacts of the sharing economy. The sharing, or gig, economy utilizes technology to arrange transactions that generate revenue from an individual’s assets, such as cars and homes, or services, such as...
Oct 3, 2017 | Firm Updates, International Tax
When does a nonresident alien need to file a 1040NR, U.S. Nonresident Alien Income Tax Return? When might a nonresident alien want to elect to be taxed as a resident alien and file a Form 1040 instead? This week we’ll look into these questions regarding nonresident...
Sep 27, 2017 | Firm Updates, Retirement Planning, Tax Tips
A tried-and-true tax-saving strategy for investors is to sell assets at a loss to offset gains that have been realized during the year. So if you’ve cashed in some big gains this year, consider looking for unrealized losses in your portfolio and selling those...
