Tax Rules

All about tax implications on O1 Visas

If you are not a U.S. citizen, then you must already be aware of the value of a green card. Holding U.S. citizenship is a great deal for many and has its [...]

Details of tax reform legislation revealed

The House Ways and Means Committee released draft tax reform legislation on Thursday. The Tax Cuts and Jobs Act, H.R. 1, incorporates many of the provisions [...]

Tax Advantages

Congressional Incentives Encourage Domestic Petroleum Development Oil and Natural gas from domestic reserves helps to make our country more energy [...]

IRS Announces 2018 Estate And Gift Tax Limits: $11.2 Million Per Couple

It’s official. For 2018, the estate and gift tax exemption is $5.6 million per individual, up from $5.49 million in 2017. That means an individual can leave [...]

Oil and Gas Tax Benefits

Direct participation in oil and gas can generate several tax benefits. These benefits range from large up front deductions for intangible drilling costs (IDC), [...]

When You Haven’t Filed Tax Returns in a Few Years

Sometimes, when a person has not filed a tax return in a while, the IRS will prepare a tax return based on the information they have available. This is called [...]

5 Tax Rules That Work

I’m not a big fan of rules of thumb in the realm of personal finance, primarily because we are such inherently varied and volatile beings that most scenarios [...]