Mel Whitney
Articles
What is a Teacher or Trainee for Tax Purposes?
Teacher Or Trainee? A person who is in the US temporarily under either a “Q” or “J” visa, and is not a student, and who is substantially compliant with ...
The IRS is Using Data Analysis to Catch Tax Cheats
IRS Criminal Investigation Division Establishes New Initiatives In Aug 2017, the IRS announced the creation of two new investigation initiatives: - International Tax Enforcement Group - Nationally Coordinated Investigations Unit These will both report directly into the Criminal Investigation division&rs...
Domestic Streamlined Offshore & Certification Form 14654
Streamlined Program Overview The IRS streamlined program breaks down into two camps. 1. Streamlined Foreign Offshore Program (SFOP) ...
Effectively Manage the Timing of Restricted Stock Units (RSU) to Receive Optimal Tax Treatment
Startup culture is booming. You’re on your way to disrupting every industry known to man - but first, make sure you’ve got a handle on your finances. As a founder or early stage employee of a startup, not only do you have to worry about your burgeoning service or product, but you must learn to wade through the world o...
Like-Kind Exchanges of Rental Property Under IRC Code Section 1031
Whenever you sell rental property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain from sale of business or investment property if you buy a similar property as part of a qualifying like-kind exchange. Gain deferred in a lik...
How to Determine Maximum Annual Account Balance for FBAR
Due to recent changes, the FinCEN Form 114 (FBAR) due date was moved from June 30th to April 15th. As anyone who has filled out this form knows,...