Last week, I continued answering income tax-related questions that frequently pop up this time of year. While it’s the “stuff” that FAQs are made of, there are enough twists and changes from year to year to preclude anything but the most general and open-ended FAQ file. This week, I’ll speak to: THE BIG QUESTION! The […]
A Little More Tax Talk
Last week, I started answering income tax-related questions that frequently pop up this time of year. While it’s the “stuff” that FAQs are made of, there are enough twists and changes from year to year to preclude anything but the most general and open-ended FAQ file. This week, I’ll speak to something near and dear […]
A Little Tax Talk
First, my apologies for the rather long hiatus I’ve taken from writing any articles (not just tax articles) here in LiP. A few chronic maladies have had me down for quite a while, and making my way back to being “my chipper old self” is taking some time away from the keyboard. Though I’m still […]
$$$ Check-Up Time
Well, dear readers, it’s that time of year, again. Time for a little health check-up of your finances, year-to-date income, and – gulp – your estimated income taxes for 2010. Readers who’ve kept up with my articles know that I’m a CPA and I love my work. Helping others do “battle against the beast” is […]
Exclude Me? Pt III
In Part I and Part II of this series, I introduced you to the Foreign Earned Income Exclusion and Housing Exclusion and Deduction, a list of definitions, the “mechanics” of the exclusions and deduction , explained how they reduce the income tax liability of qualified taxpayers, and discussed IRS Form 2555-EZ. Now for the heart of […]
Exclude Me? Pt II
In Part I of this series, I introduced you to a tax saving strategy that is very relevant to living in the Philippines – to the entrepreneurs and the wage or salary workers alike – Foreign Earned Income Exclusion and Housing Exclusion and Deduction. Additionally, I presented the basic requirements for qualifying to use these exclusions […]