Taxation of identity theft protection services

There is arguably no more memorable year than 2015 for data breaches. May 2015 saw the Internal Revenue Service’s Get Transcript System hacked, breaching the security of more than 100,000 taxpayers’ confidential information. In the months following was the...

Source of earned income

One of the many benefits of using tax professionals for advice and return preparation is to ensure that income is attributed to the correct source on an income tax return. A commonly made error is incorrect sourcing. For example, many taxpayers incorrectly assess...
US citizens moving to NZ can claim expenses

US citizens moving to NZ can claim expenses

US citizens moving to NZ should check whether they can claim moving expenses in their Federal income tax returns. This generous deduction can lead to some nice US tax refunds for taxpayers and is often overlooked. Refunds may come about particularly in the case where...

Request for IRS transcripts

Taxpayers who cannot locate documents including 1099s, W-2s, and past year returns they have filed can request transcripts from the IRS either by completing form 4506 or 4506-t, online at: http://www.irs.gov/individuals/article/0,,id=232168,00.html?portlet=4 Also by...