There are precious few certainties in life but as the old saying goes, taxes are one of them. With America’s tax season in full swing, that inevitability is sure to be on the minds of many in the United States. During this time of the year it is easy to forget that America isn’t the only country where tax considerations loom over the population, as well as how different tax rates and financial
Tax reforms in 2018 will have an impact on deductions and property taxes. Here is a brief summary of the primary changes. Please note that individuals should always consult their tax advisors. Moving Expense Deduction As of January 1, 2018, movement of household goods, storage and final move travel are taxable to transferees. With the elimination of the moving expense deduction, the "50 mile",
CapRelo has been closely following the changes to the U.S. tax laws and advising clients on the best ways to adjust policies. The IRS is currently reviewing the changes to determine how to implement them, and we will update this information when the IRS finalizes and confirms their implementation plans. The new U.S. tax bill passed through Congress and has been signed into law by the President.