Andrew Coleman
Articles
Stipend vs. Scholarship vs. Research Grants - Taxation Methods
To whomever you are, firstly - thank you for contributing to research and development and pursuit of furthering our knowledge of a particular field. Without your efforts and intellectual curiosity, we would be naught for progress as a civilization, and relegated to becoming accountants. Keep up the good work.. Now - let’s ex...
Expatriation: Covered Expats & Deferred Compensation - Form W-8CE
As you might expect, there are rules and regulations that cover US expatriates. This article will explore some issues that US citizens should be knowledgeable of before deciding to give up their United States citizenship. The first, and most important, step to take is to ensure you are not going to be considered a “covered expatri...
Selling Bitcoin - Asking For A Friend
Let’s say you had a friend that wanted to transfer some bitcoin to you to sell on their behalf - what does this mean for your U.S. tax obligations? ...
Self Employment Tax Considerations For Clergy
If you are a missionary or clergy working in another country (receiving form 1099 from a church), you may be liable for self-employment tax if your place of employment is in a country without a totalization agreement, The income should be reported on Schedule C, Form 1040. If the minister has incurred out of pocket expenses ...
(IRS) Sailing Permit - No Life Vest Necessary
What is a Sailing Permit & do I need to file one? Unfortunately this form is not as appealing as the name may indicate. The Sailing permit is a type of the document that exists but rarely obtained. The main reason is that most aliens leaving the US are e...
5 Ways the IRS Can Fine & Penalize Taxpayers
You’ve done the work and your tax return is prepared - now what? In the unfortunate circumstance that you owe the IRS tax, your project is not done until you’ve paid the piper. Let’s examine separately the various fees the IRS may charge you: • Interest • Failure to Pay Estimated Payments<...