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Jane SwainTax Professional Level: Tax Enthusiast
if you spend six months of the year in the UK you are likely to be UK resident under UK tax laws. however i suspect that spending six months in Spain will make you resident there as well under Spanish law. You will... Read More
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William KeatsTax Professional Level: Master Tax Advisor
The U.S. has tax treaties in effect with 46 countries. Most of these countries have a provision that provides an exemption from U.S. tax on certain types of income received by students and scholars. Treaties are... Read More
Jane SwainTax Professional Level: Tax Enthusiast
If you leave the UK for the purposes of full time employment abroad and do not visit to carry out any duties in the UK other than "merely incidental" duties then you will be regarded as non resident from the date... Read More
William KeatsTax Professional Level: Master Tax Advisor
You are referring to the Small Business Health Care Tax Credit. This credit began in 2010. This credit is allowed for a small employer to purchase health insurance for all your employees. This credit was created... Read More
Gary Carter, PhD, MT, CPATax Professional Level: Tax Enthusiast
The rule under Sec. 7701(b)(5) of the Code says that a J-1 visa holder is treated as an "exempt individual" (a nonresident) for two calendar years, only if the individual was not an exempt individual (a nonresident)... Read More
William KeatsTax Professional Level: Master Tax Advisor
Seventeen states are establishing healthcare exchanges, now referred to as marketplaces. The other states will have exchanges set up by the federal government. Premiums will vary. In CA insurance rates, as a... Read More
William KeatsTax Professional Level: Master Tax Advisor
You must file an 83(b) election within 30 days of the date you received the restricted stock. The election must be made with the specific IRS office where you file your annual tax return, and you must include a... Read More
Patrick O'Hara , EATax Professional Level: Tax Enthusiast
The American Taxpayer Relief Act of 2012 retroactively renewed this tax credit effective January 1, 2012, expiring again on December 31, 2013. Any qualified equipment installed in 2012 or 2013 is eligible for this... Read More
Lisa Nason CPA, MSTTax Professional Level: Tax Enthusiast
The recently enacted tax law does extend the $250 educators deduction for teachers. Any amounts over the $250 can go on Schedule A, as unreimbursed employee expenses, assuming you itemize on your return. Read More
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