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
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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
By Tom Andrews, CPA The FEIE (foreign earned income exclusion) is so frequently asked about I write an update column every year. Unfortunately the most common misconception about the FEIE
by Tom Andrews, CPA Many yacht crewmembers end up filing extensions to file their tax returns, the most common reason is that crewmembers are normally traveling when the April 15th
By Tom Andrews, CPA The Internal Revenue Service has received almost 100,000 complaints from tax payers who have received unsolicited calls from individuals demanding payment while fraudulently claiming to be
by Tom Andrews, CPA Now that 2018 has ended many taxpayers are looking forward to 2019 with their renewed financial goals. One of those goals is to start contributing to
by Tom Andrews, CPA The tax reform bill that was passed at the end of 2017 is now of primary concern for any tax payers that are about to file
by Tom Andrews, CPA As we approach the end of the year many yacht crewmembers are contemplating how much income they should be putting aside for taxes. In past years
by Tom Andrews, CPA More than 2 million ITIN’s (Individual Taxpayer Identification Numbers ) are due to expire by the end of 2018. The expiration of the ITIN’s was prompted
By Tom Andrews, CPA The term “yacht management” has been used to describe a vast number of services in the industry. The large management companies tend to manage every aspect