Category Archives: Blog

2020 Tax Season for 2019 Tax Returns

Tax Returns for 2019 (GET READY!).... Happy New Year! And yes, it's that time of year again! As we start another new year, it is time for our annual income tax planning reminder letter. In the last two years we have seen many individual tax changes that may have reduced some deductions, increased others and…

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2017 Annual Adjustment Amounts: Tax Rates, Deductions, & Exemptions;

2016 Annual Adjustment Amounts: Tax Rates, Deductions, & Exemptions;

2015 Annual Adjustment Amounts: Tax Rates, Deductions, & Exemptions;

2014 Annual Adjustment Amounts: Tax Rates, Deductions, & Exemptions;

Questions & Answers on NII & Additional Medicare Tax

Are you living abroad and a dual citizen?? Click here.

"OVDI" (Offshore Voluntary Disclosure Program) Remains Open For Those With Undisclosed Foreign Income/Assets;

Other Options other than OVDP remain open too, like Streamlined Procedures.

DNA India, a leading Mumbai daily, quotes Vimlan Tax Services. Click here...

Mileage Rates for 2016 are here..

54 cents per mile for business miles driven (down from 57.5 cents in 2015);
19 cents per mile driven for medical or moving purposes;
14 cents per mile driven in service of charitable organizations;

Mileage Rates for 2015 are here..

57.5 cents per mile for business miles driven (up from 56 cents in 2014);
23 cents per mile driven for medical or moving purposes;
14 cents per mile driven in service of charitable organizations;

International Income Tax Liability...

Worldwide Income Reporting and Foreign Accounts Most people filing US tax returns know if they are a US Citizen or a Greencard holder, but most do not know if they are a US "tax" resident. You may read the April 2011 E-newsletter we put out which explains the classifications mentioned above or call our office to request an appointment with a qualified tax advisor to discuss your case. Our December 2015 E-newsletter is out as well.