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Working Abroad – Paying the U.S. Income Tax
December 3, 2016 | International Tax

Expatriates and the federal income tax Going abroad to live and work is a very exciting thing to do.  It also has tax consequences because the United States will tax your income, no matter where you live and no matter…

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How Marriage and the Joint Return Can Affect Your Tax Liability
December 3, 2016 | Individual

Does the Tax Code Reward or Penalize Marriage? The story is as old as time.  First comes love then comes marriage.  And quick as a rabbit after that:  the joint tax return.  Ah, sweet bliss, married only a few weeks or…

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Selling Your Home – Two Tax Traps for the Unwary
December 3, 2016 | Individual

For Some That Big, Tax-free Gain May Not Be There After All When I was a boy my dad bought the family home with his Korean War veteran’s benefit and the savings he’d accumulated working lots of long hours.  I don’t…

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Don’t Get Snared In This Post-Dissolution LLC Tax Trap
August 31, 2016 | Business

Knowing what to do when a business venture ends can save you a world of tax hurt, and get you back on your feet faster. By either their own experience or that of their colleagues, entrepreneurs live with this hard fact:…

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IRC §1031 Like-Kind Exchanges: Where Did My Tax Deferral Go?
August 31, 2016 | Business

If you’re not careful, rolling over investment property can leave you with an unexpected tax bill. A lot of lucky folks are holding real estate and other types of investment property with fair market values greater than their adjusted bases. …

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