November 30, 2017

U.S. citizens and resident aliens are generally taxed on their worldwide income regardless of where the income is earned or received. A U.S. citizen who earns income in a foreign country may also be taxed on that income by a foreign host country, thus leading to double...

November 24, 2017

Generally, taxpayers are entitled to deduct ordinary and necessary expenses paid or incurred while traveling away from home in their business, profession, or for-profit activity. If any part of the business travel is outside the United States, however, some of the deduc...

November 22, 2017

Travel expenses are an expensive headache for your company. Besides the cost of the actual travel, you also must cope with budgeting for travel costs that vary from destination to destination, the administrative headache of tracking actual expenditures from employee-mai...

November 13, 2017

To claim a child tax credit, your qualifying child must be under the age of 17 at the close of the tax year. The child tax credit is partially refundable for some taxpayers who have earned income below certain thresholds or at least three qualifying children. Because th...

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