Top 25 International Tax Questions

Please feel welcome in the USA. Fear NOT the paper tiger that is the US Tax Code or the rhetoric of pantywaist politicians! Much of maintaining compliance with the US Tax Code distills down to understanding among other things these 3 simple concepts: the tax obligations of your current visa what country you are effectively connected…

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AVOID PENALTIES – Get Income Tax Extension Requests Filed & Estimated Income Taxes Paid

Remember your US Income Tax extension request is ONLY for additional TIME to FILE your tax forms, your income tax payments, estimated or otherwise, are still due April 18th 2016. Most US Taxpayers forget that income tax payments are due in April, even if an extension request for more time to file the forms has been accepted.  Resist the urge…

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Research Tax Credits and QRE’s: IRS Form 6765

Being married to a fermentation biologist has allowed me access to a wide swath of fascinating experiments involving media from bio-fuels to home brew. So no matter how many esoteric Internal Revenue Codes I vamp up in public or in social gatherings-like an idiot savant, I can never out nerd the love of my life. For that I…

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Colorado Tax Update & Top 10 Hacks To Streamline the Filing Process

My friends at the Colorado Department of Revenue Tax Division have been hard at work amending and repealing several different personal and corporate income tax regulations with a handful of notable mentions for non-residents and part year residents alike. The absolute biggest change to the CO 104 form are lines 29 – 33 with regards to…

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Deliberate Tax Free Compounding is the Secret of the Golden Flower

I am getting to be an old man now and so profoundly thankful that the lessons of tax-free compounding were impressed upon me at an early age. It has made a huge difference in my financial well being and subsequent happiness. You too can use the power of tax-free compounding to increase retirement savings. We…

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Year End Tax Planning for Individuals

It is indeed that time of year again, the holidays for many of us, year end tax planning for tax geeks like me and my team. It seems like every tax practitioner is coming out with their year end comments. We had a LOT of fun ‘evaluating’ the plethora of posts. Either way there is…

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2016 Tax Planning for Business

The most important point to remember about year end business tax planning is that proactively minimizing this year’s income tax can indeed have an equally adverse impact on next year’s tax planning, so tread lightly and consider both sides of the coin as it were. The two most intriguing tax strategies I’ve seen so far in…

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Bitcoin – A Currency For the Digital Age – IRS Notice 2014-21

The following is an article I coauthored with my friend Beth Logan for the November/December edition of the EA Journal.  Beth is the Treasurer of the Massachusetts Society of Enrolled Agents. In addition to taxes, she is a small business consultant. She has two electrical engineering degrees (hence the nerdy interest in bitcoin) and an MBA. Enjoy! …

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