In an earlier article, I mentioned a topic that needs an article of its own – the Foreign Earned Income Exclusion and Housing Exclusion and Deduction. It’s very relevant to living in the Philippines – particularly to hard working residents and entrepreneurs. It’s a legal method promulgated by the Internal Revenue Service (IRS) to reduce […]
Seeking Answers for Taxing Questions
I’ve been receiving a lot of tax questions lately. Many deal with living in the Philippines and Fil-Am relationships. I thought I might share some of them with you. This article is not an all-inclusive Frequently Asked Questions (FAQ) piece. It’ll cover just a few questions that pop up from time to time, centered on […]
Taxing Times (for U.S. Expats)
What’s this, Paul – another tax article so soon after April 15? Well, yes and no. This article doesn’t directly address the topic of taxes. It delves into a little “preventive” action, however, regarding some required Department of the Treasury report filings. While this article focuses on an issue facing a U.S. citizen/taxpayer, it may very well […]
Paying For That Dream House
HAPPY APRIL 15th! Before I start, I want to wish my fellow CPAs, accountants, tax preparers, and other financial service people a “Happy Tax Day (April 15)”! Work was long and arduous this year (with all of the new and strange tax provisions), but you’ve survived. Have a Happy 4/15! Now, here’s this week’s article. […]
U.S. Income Tax – One Week WARNING
I apologize if this article in not applicable to you. Attention U.S. Income Taxpayers April 15, 2010, the deadline for filing and paying your 2009 federal income taxes, is now just ONE WEEK AWAY. If you have already filed and paid your taxes: Congratulations – you can skip down to the comment section if you like. […]
It’s Almost Tax Time!
WHAT – it’s almost tax time? Hey, Paul, we’ve merely passed the first seven months of the year. What is all this claptrap about tax time? (While this article is aimed at the US Ex-pat and speaks to taxes “enjoyed” by US citizens and residents, some other countries impose similar regulations. Readers whose situation is […]