Unlocking Tax Savings: Navigating the Complex World of Foreign Travel Deductions

Portland’s “Most Hated Tax” Might Be Changing. Here’s What That Actually Means

Portland plans to raise its arts tax while exempting thousands. Here’s what the proposal means for taxpayers.

Did You Repay Money You Paid Taxes on in a Prior Year? There is a Solution to Provide Tax Relief.

If you've found yourself in a situation where you've repaid income that you initially reported as taxable in a prior year, you might be eligible for tax relief through the Claim of Right doctrine.

Why December 31,2026 is a Make-or-Break Date for Original QOF Investors

If you invested in a Qualified Opportunity Fund (QOF) using deferred capital gains, pay attention: the law requires that deferred gains be included in income no later than December 31, 2026. That deadline is real, unavoidable unless Congress or the IRS provides relief, and it can mean a large, unexpected tax bill even if your fund hasn’t paid you a dime.

Foreign Earned Income Exclusion: Navigating the Opportunities

The Foreign Earned Income Exclusion (FEIE) is a valuable tax provision for U.S. citizens and resident aliens living and working abroad. It allows eligible taxpayers to exclude a certain amount of foreign earned income and housing costs from U.S. taxation.

Unlocking Tax Savings: Navigating the Complex World of Foreign Travel Deductions

When engaging in business overseas, it's crucial to understand how travel expenses are treated under U.S. tax law. Unlike domestic travel, where transportation costs are often fully deductible if the trip is "primarily" for business, foreign travel requires a more granular day-by-day calculation to account for personal time.