by lisamarshall | Sep 11, 2019 | News
by Tom Andrews, CPA When a nonresident crewmember is employed on a foreign flagged vessel the employer may be required to withhold federal income taxes from the nonresident while the crewmember is present in United States Territorial waters. The employer may be...
by lisamarshall | Sep 11, 2019 | News
by Tom Andrews, CPA Over the past six months our office has been busy assisting clients who are either applying for a new home loan or refinancing their current home. As real estate prices have increased and it now appears interest rates start decreasing again...
by lisamarshall | Sep 11, 2019 | News
by Tom Andrews, CPA The career of a professional mariner sometimes affords opportunities and circumstances that the crewmember might not have planned on. The travel requirements of a mariner often result in a nomadic lifestyle in which the crewmember lives overseas,...
by lisamarshall | Sep 11, 2019 | News
by Tom Andrews, CPA Nonresident crewmember that have worked on a foreign flagged vessel have probably been asked to sign form 8233 “Exemption Form Withholding on Compensation for Personal Services of a Nonresident Alien”. By properly executing this form the...
by lisamarshall | Sep 11, 2019 | News
by Tom Andrews, CPA While we regularly focus on federal income taxes it is important to keep in mind that SALT can have just as much of an impact on yacht crew as do the federal taxes. In my experience the state and local taxing authorities can have more aggressive...
