Foreign Earned Income and Housing Cost Exclusions for U.S. Citizens and Resident Aliens Living Abroad

Dear Tax Payer, If you are lucky enough to be offered the opportunity to take a job overseas, there are some important tax rules for the exclusion of income and living expenses that you should be aware of that can have a determining effect on your decision. Please read the following article that explains these…

Standard Mileage Rates for Business, Medical & Moving Decrease 0.5¢ Per Mile 2014

Dear Business Client, The IRS just released the new mileage rates for business use, medical and charity use. The business use rate will decrease from 56.5 cents per mile to 56 cents per mile effective January 1, 2014.  Below is an article related to the 2014 mileage rate changes and how it may affect your business. …