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April 14, 2019
If you’re living abroad and paid by a US company, you’ll pay self employment tax on your earnings. If you’re living offshore and operating a business without an offshore company or LLC, you’ll pay self employment tax on your profits. Here’s how self employment tax works when you’re offshore and how to avoid it.  All Americans that are self employed or who business owners are responsible for paying self employment tax in one form or another. It doesn’t matter where you live or work… if you’re self employed and hold a blue passport, you must pay SE taxes. 
February 08, 2019
1. The tax code is even more confusing than ever before The tax code has always been loaded with rules, but this is the first season where the massive 2018 tax overhaul comes into play. As such, many accountants are struggling to interpret some of the changes, and if they're having a hard time, it means that the average income-earner is even less equipped to tackle those new laws.
August 04, 2018
Congressional auditors say about 30 million people — 21 percent of U.S. taxpayers — will have to come up with more money to pay their 2018 taxes next year because their employers withheld too little from their paychecks under government tables keyed to the new tax law.
February 12, 2018
Last year, three out of four tax filers got refunds from the IRS, averaging $2,782, as of 3rd quarter ($2,895 by year-end). Where did all that money go? American taxpayers report using their refunds primarily to pay down debt, build up rainy day bank accounts and make big purchases. But there’s another option: deposit your refund directly into an individual retirement account.
January 23, 2018
Author: Emily Brandon The new year is an excellent time to start saving a little more for the future. There are also a variety of perks you might qualify for if you put some extra money aside for retirement. Aim to take advantage of these incentives to save for retirement this year.
December 23, 2017
n an earlier era, typical divorced people might have been stressed-out parents in their 30s fighting for custody. Today, however, they're as likely to be empty nesters fighting over their rightful share of the 401(k) account. While divorce for younger couples is becoming less common, the rate for people 50 and older has doubled since 1990, according to the Pew Research Center.
December 21, 2017
Tax reform bill has some hidden gotchas The tax reform legislation that Congress approved Wednesday has a number of complexities that could prove problematic for tax professionals and their clients.
December 07, 2017
Amanda Coston was preparing for a meeting with her advisor Monday afternoon when her friend, another first-year PhD student in Carnegie Mellon's machine learning department, knocked on her door. Had she seen the email? A few minutes earlier, the university's Graduate Student Assembly had sent a Google Doc to department representatives across the university, and those reps had forwarded the document to their grad students.
December 07, 2017
Accounting standard-setters are tweaking the rules for the standards taking effect in the next few years, according to officials. Financial Accounting Standards Board chairman Russell Golden explained how FASB is using what he called the “Kaizen” approach to standard-setting, a Japanese word for “change for the better.”
December 06, 2017
Even though the successor corporation in an attempted tax-freemerger filed a single tax return in the year of reorganization that only included a pro forma attachment for the activity of the predecessor corporation, the Tax Court held that the filing was sufficient to trigger the running of the statute of limitation, thereby barring the IRS from assessing a deficiency for the predecessor corporation's failure to file under Sec. 6501(c)(3).