Welcome to the TravelTax Blog

While you may have read my articles on various websites, or my posts on FB pages and other forums, from time to time I like to wax eloquent without fitting my thoughts into someone else’s prescripted format. Some of the entries may be long and a few will simply be rants. Whatever the case, you are guaranteed to find some nugget of tax knowledge fitting for your situation with a dash of sarcasm or philosophy.

Since our clients are primarily engaged in multistate assignments, cross border employment or posted abroad, they share a common connection of working on the road, exploring the world or just planting themselves in a foreign land ….. travelers and nomads at heart.

Be sure to visit our website http://www.traveltax.com

Thanks for reading!

Class Action OT Suits in Healthcare Staffing and Trucking – What to Know

Below is linked a joint statement from the parties in one of the OT suits circulating in the healthcare staffing industry. It contains both side’s opinion as to what disclosures should be required for participants in the class action.

Note the issue raised by the defendant that the participants in class action suits COULD  be subject to more tax than they would benefit should the plaintiffs prevail. Specifically, if the per diems are allowed to be included in the OT base, the per diems could be taxable should the IRS seek to pursue that determination.

Those “back taxes” would potentially be more than the additional amount of pay gained from the extra OT.

2017.11.07 JOINT STATEMENT RE CONTENT OF NOTICES TO CLASS AND

ALERT!!!!!! Retroactive Tax Changes for 2017!!!!!!!!!!!!!

2-9-18

Last night when Congress averted the government shutdown, they passed a tax extenders package that is retroactive to the 2017 tax year.

Among the most common deductions for our clients that were reinstated:

  1. Mortgage Insurance Premiums
  2. Tuition and Fees Deduction
  3. Residential Energy Credit
  4. Fuel Cell Car Credit

There are plenty of others that are less common. We have already pulled returns that have been filed and will alert clients for amendments and those still in process have been flagged!

Fun Fun!