LLC Formation - Business Formation - S Corp Formation
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folder Taxpayers Guide to LLCs and S Corps
How to avoid or reduce self-employment taxes? LLCs and the S Corp election.
folder Small Biz FAQs
Tax topics about LLCs, small businesses, partnerships and corporations including S-Corps.
folder Rentals FAQs
Questions and answers about rental properties and related tax issues including rental depreciation and rental deductions.
folder Flight Crew FAQs
Tax topics for airline pilots and flight attendants including per diem deductions and travel expenses.
folder ExPat FAQs
Tax topics for expat taxes, taxes for expats and the foreign earned income exclusion.
folder IRAs, 401ks, Investments
Tax questions involving IRAs, 401ks, SEPs, Roths, and other investment-tax related issues.
folder Homes, Real Estate
Tax questions involving your home and other property.
folder Mortgages, Bad Debts
Mortgage loans, deducting bad debts and other questions and answers about loans.
folder Education, Tuition Deductions
Education related tax questions and answers.
folder Medical, Health Insurance
Questions and answers concerning medical expenses and deductions.
folder Charitable Contributions
Facts about what you can deduct as charity and what you cannot plus required recordkeeping.
folder Recordkeeping
folder Audits
Audit risks and how to handle an unexpected audit including taxpayer rights.
folder General Tax Questions
Common tax questions and answers.
folder General FAQs
General questions and answers about the Watson CPA Group.


Recent Articles
 
document How does the foreign housing exclusion or deduction work?
By Jason Watson (Google+) In addition to the foreign earned income exclusion, you also can claim an exclusion (for salaried) or a deduction (for...
13 Nov, 2014 Views: 0 Comments: 0
document Are there automatic filing extensions for military personnel?
By Jason Watson (Google+) A person serving in the Red Cross or under the direction of the military while in a qualified combat zone receives the...
12 Nov, 2014 Views: 0 Comments: 0
document What is the difference between foreign tax credit and deduction?
By Jason Watson (Google+) The IRS allows you to take a credit for foreign taxes paid which reduces your tax liability, or allows you to take a...
12 Nov, 2014 Views: 0 Comments: 0
document As an ExPat, do I need to file a State tax return?
By Jason Watson (Google+) Perhaps. This is an extremely sticky wicket. Generally speaking if you intend to return to the state that you resided in...
12 Nov, 2014 Views: 0 Comments: 0
document Are there any downsides to claiming the foreign earned income exclusion?
By Jason Watson (Google+) Yes, but the exclusion is a very nice tax break. First, you cannot claim a foreign tax credit or a foreign tax deduction...
12 Nov, 2014 Views: 0 Comments: 0
document If I am a self-employed ExPat, what taxes am I responsible for?
By Jason Watson (Google+) Self-employment income is taxed at two different levels- first, the net profit is taxed for social security and medicare...
12 Nov, 2014 Views: 0 Comments: 0
document May I still make contributions to my IRA as an ExPat?
By Jason Watson (Google+) Yes. However, excluded income amounts must be used to compute income thresholds and phase-out limits. For example, your...
12 Nov, 2014 Views: 0 Comments: 0
document How do moving expenses affect my exclusion?
By Jason Watson (Google+) Relocation packages, incentives, signing bonuses, reimbursements, etc. might be considered taxable earned income and...
12 Nov, 2014 Views: 0 Comments: 0
document What is considered foreign earned income?
By Jason Watson (Google+) To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must...
12 Nov, 2014 Views: 0 Comments: 0
document Are there exceptions to the bona fide residence or physical presence tests?
By Jason Watson (Google+) The only exception or waiver to the time requirements is if you have to leave due to civil unrest, war or similar...
12 Nov, 2014 Views: 0 Comments: 0


Most Viewed
 
document Exit Plans, Succession
By Jason Watson (Google+) Posted September 21, 2014 Selling your business is tough. What is even tougher is realizing the urgency in transferring...
21 Sep, 2014 Views: 0 Comments: 0
document What This Book Is Not
By Jason Watson (Google+) Posted September 15, 2014 Taxpayer’s Comprehensive Guide to LLCs and S Corps seems, well, comprehensive. But, this...
20 Sep, 2014 Views: 0 Comments: 0
document Three Types of Income
By Jason Watson (Google+) Updated September 29, 2014 Let’s back up a bit. Our book loves to spill the beans so-to-speak with the net-net fun...
29 Sep, 2014 Views: 0 Comments: 0
document Gaming the HSA System
By Jason Watson (Google+) Posted September 15, 2014 As you understand, HSAs are only available in conjunction with a high deductible health plan....
21 Sep, 2014 Views: 0 Comments: 0
document ExPatriates or ExPat Tax Deferral Planning
By Jason Watson (Google+) Posted September 15, 2014 For our small business owners or contractors working overseas, there is a consideration when...
21 Sep, 2014 Views: 0 Comments: 0
document W-2 or 1099-MISC That Is The Question
By Jason Watson (Google+) Posted September 15, 2014 Many people are finding themselves in a quandary between being a W-2 employee of a company or...
21 Sep, 2014 Views: 0 Comments: 0
document Retirement Questions to Ask
By Jason Watson (Google+) Posted September 14, 2014 There are three questions that need to be asked, and in some cases the last one is the most...
21 Sep, 2014 Views: 0 Comments: 0
document Should I Consider a Roth Conversion
By Watson CPA Group (Google+) Posted September 14, 2014 Contributions to Roth IRAs are taxable and the distributions from the Roth IRAs during...
13 Sep, 2014 Views: 0 Comments: 0
document More About the Watson CPA Group
By Jason Watson (Google+) Posted September 2, 2014 The Watson CPA Group has provided worldwide business consulting, accounting and tax preparation...
21 Sep, 2014 Views: 0 Comments: 0
document Client Portal, Long Distance Relationships
By Jason Watson (Google+) Posted September 2, 2014 Since 2007 we have used ShareFile to administer our Client Portal which provides secure, online...
29 Sep, 2014 Views: 0 Comments: 0