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 […]
Exclude Me? Pt I
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 […]