Being detained at the border for back taxes is something I thought unheard of 10 years ago. How on earth would the Internal Revenue Service and Homeland Security ever be able to coordinate internal systems to flag United States Citizens and non-residents at the border for unfiled and unpaid taxes?
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AvMar International announces they have partnered with MHG Marine Benefits to provide health insurance for their valued yacht clients. Scott MacPhee from AvMar said “By working with MHG, we will
By: Tom Andrews, CPA While many crewmembers are familiar with living as a bona fide resident in a foreign country not all crew members are familiar with the rules of
By: Tom Andrews Section 911 otherwise known as the Foreign Income Exclusion is probably the most commonly misunderstood and misapplied section of the Internal Revenue Code that is asserted by
ABSOLUTELY! And if you are a yachting professional the deductibility of your job hunting expenses can be very expensive. Unlike other mainstream professions where you might travel within a 50
As a practitioner whose client base is 75% in the marine industry I’ve started noticing a phenomenon that may have far reaching consequences for captains and it is becoming more
Tax planning for an American married to a nonresident alien is always an interesting dilemma and it is very common in the yachting industry. Generally a joint return cannot be
Dockwalk Magazine. Written by Tom Andrews of AvMar Accounting Services Petty Cash is an important function of any yachts program, it also has been the cause of termination for many
Dockwalk Magazine. Written by Tom Andrews of AvMar Accounting Services One of the more enjoyable characteristics of the yachting industry is the ability to work and interact with individuals from
Dockwalk Magazine. Written by Tom Andrews of AvMar Accounting Services The answer is… Maybe!! So why take the chance. One of my goals when meeting with clients is to help