By: Tom Andrews, CPA As a crewmember on a foreign flagged vessel you are probably being paid in one of three ways: You are issued a W-2 with taxes withheld.
Read More
By: Tom Andrews, CPA Now that a republican president has been elected to office along with a majority republican congress, tax reform is almost certain. Since the election I have
By: Tom Andrews, CPA The Internal Revenue Service has received almost 90,000 complaints from tax payers who have received unsolicited calls from individuals demanding payment while fraudulently claiming to be
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
By Tom Andrews, CPA Deducting membership dues has always been a highly scrutinized deduction by the IRS, club memberships are naturally a target because they are considered an entertainment expense
by Tom Andrews, CPA Many yacht crew members will use their personal vehicle for vessel / yacht business. In many cases they are not reimbursed by the vessel and simply
by: Tom Andrews, CPA As we approach the midway point of tax year 2016 it is important for crewmembers to have an understanding as to how the vessel views the
by Tom Andrews, CPA The Patient Protection and affordable Care act commonly referred to as the Affordable Care Act or “Obama Care” was signed into law in 2010, the major
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 While we regularly focus on federal income taxes it is important to keep in mind that SALT (state and local taxes) may have just as much