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How to Save Money on Keeping Your Business Green

Businesses have a lot of responsibilities. This includes responsibilities to customers, business partners, shareholders, the government and more. However, one responsibility businesses should not ignore is their responsibility to the environment. Businesses can have a huge negative impact on the environment. As such, they should do what they can to lessen their impact. Thankfully, not...Read More

U.S. Armed Forces & Taxes: Delta

Part 4: Filing Tax Returns… 1Normally, Americans must file their tax return (IRS Form 1040) by April 15th of the following year. However, an automatic extension applies until June 15th, if the individual is out of the country. This includes serving in the Military on an assigned tour of duty outside of the U.S. and...Read More

U.S. Armed Forces & Taxes: Charlie

Part 3: Tax Credits for members of the military… Earned Income Tax Credit Normally, this credit is only available if your main home is in the U.S. However, military personnel stationed outside the U.S. on active duty are considered to live in the U.S. during that period for the earned income credit. Child Tax Credit...Read More

U.S. Armed Forces & Taxes: Beta

Part 2: Tax benefits of being in the military… Military Base Realignment and Closure Benefit Here is one benefit that I would bet many military personnel don’t know about.. Payments made under the Homeowner’s Assistance Program (HAP) are generally excludable from income. Isn’t that nice? Thus, if the soldier is transferred or the base is...Read More

U.S. Armed Forces & Taxes: Alpha

Members of the U.S. Armed Forces face various challenges, from frequent moves (often abroad) to significant out-of-pocket expenses. Fortunately, the Code contains special provisions that help alleviate the tax burdens associated with some of these challenges. So, here is Part 1 of tax breaks to keep in mind for all military personnel: Combat Zone Exclusions Members...Read More