Nonresident Tax Withholding

by Tom Andrews, CPA A sensitive topic in the luxury yachting industry is the withholding of United States federal income tax from the salary of a nonresident crewmember.  There are a variety of reasons why an employer may be required to withhold tax from crewmember...

Substantial Presence Test

(the term every nonresident crewmember should be familiar with) By Tom Andrews, CPA Internal Revenue Service audits of nonresident crewmembers are rare however I recently consulted on an audit in which a nonresident crewmember was found to have been liable for United...

Advance Child Tax Credit

By Tom Andrews, CPA Starting in July, taxpayers with children may have noticed a deposit from the Internal Revenue Service to their bank account.  These deposits may vary between taxpayers depending on their income and the number of children they have.  These Advance...

Travel Expenses

By Tom Andrews, CPA Prior to 2018 unreimbursed business related travel expenses might have been a tax deduction for both employees and self employed yacht crewmembers.  Under current tax law only “self employed” crewmembers may deduct travel related expenses against...

Social Media and Your Taxes

By Tom Andrews, CPA Several years ago I wrote a column that explored an interested development in IRS audit techniques.  As technology has improved the IRS began researching the social the social media accounts of tax payers.  The IRS insists that it is only using...