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 […]
Updated: Warranties in the Philippines
When buying a major item like a car, a new PC or an appliance, most of us always consider what kind of warranty is being offered. The longer the warranty, the more likely we are to consider buying the item if it meets our needs. In my time living in the Philippines, more than a […]
The Nuclear Option
Over my years of living in the Philippines I have adjusted to many new and different things. Almost everything in life is a bit different here, but on almost everything, even when it’s been difficult, I have made the adjustment. I’ve adjusted to different types of foods. I’ve adjusted to a totally different style of […]
Pilots are flying
As the title of this article says, pilots are flying. And, what I am saying is that Pilots for Philippine Airlines (PAL) are flying. Well, Bob, of course the PAL pilots are flying… that is what pilots are supposed to do, fly planes! Well, yes, pilots are literally supposed to fly airplanes, but I never […]
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 […]