Tuesdays With Morey - Tax Tips®

When living internationally, you need a tax preparer who is ever vigilant and keeps current on any and all tax changes. Do you know how important selecting the correct entity type is for your tax planning needs? If you don’t have a professional to help, you may end up owing a large tax debt to the IRS. If you are not able to pay it and do not have someone to negotiate a payment schedule, then you might find yourself in default and without a passport.   Key Takeaways: [1:37] The Bonus Depreciation Rule is extended [4:03] Using credit cards allows you to deduct the items in the current year [5:01] Making trades in the U.S. Government [6:05] Morey works 24/7 and keeps up with all the changes [6:54] Morey’s show is helping people from all over the world [7:38] The advanced tax class Morey failed by scoring 100% [8:58] Going to the person who can answer your questions [9:36] The government can take your passport if you don’t pay your taxes [10:35] An S-corp flows all of the income to a personal tax return [12:04]