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-   -   Overseas Contracting and Taxes (http://www.socnet.com/showthread.php?t=127987)

StMichael 14 September 2016 20:51

Overseas Contracting and Taxes
 
I apologize if this has been covered, but I couldn't find any conclusive answers through the search feature.

My question is this:
When accepting an overseas contract, do you typically claim on your W-4 and receive your OCONUS (330 days) exclusion in a lump sum at the end, or do you file exempt up front?
(This is my first contract and my recruiter wasn't much help in this area)

leopardprey 14 September 2016 22:12

I always have done the exemption up front, then paid all my taxes (if any owed) when did my taxes.

StMichael 14 September 2016 22:20

Ok. My contract is a 12mo-non-rotational contract, so the 330 days wouldn't be an issue UNLESS I promote or transfer within and have to return to the states for training. I could see that being problematic and a hassle come tax season.

Sltwtr1 14 September 2016 22:28

http://www.socnet.com/showthread.php...luke+fairfield

http://www.socnet.com/showthread.php...luke+fairfield


http://www.socnet.com/showthread.php...irfield&page=2

OfficeSloth 14 September 2016 22:43

Luke Fairfield may be having some issues:

"...The enterprise used sophisticated techniques and employed financial professionals to launder the proceeds of both the gambling and drug trafficking networks, according to the indictment.

Luke Fairfield, a certified public accountant based in San Diego, allegedly set up shell corporations and advised members of the organization on methods it could use to structure bank transactions so as to avoid detection by bank security and law enforcement."

http://www.cbs8.com/story/31076659/1...-gambling-ring

StMichael 14 September 2016 22:44

That's why I couldn't find anything useful. I didn't know of Luke and just searched "taxes".

Thanks.

StMichael 14 September 2016 22:45

Quote:

Originally Posted by OfficeSloth (Post 1058593489)
Luke Fairfield may be having some issues:

"...The enterprise used sophisticated techniques and employed financial professionals to launder the proceeds of both the gambling and drug trafficking networks, according to the indictment.

Luke Fairfield, a certified public accountant based in San Diego, allegedly set up shell corporations and advised members of the organization on methods it could use to structure bank transactions so as to avoid detection by bank security and law enforcement."

http://www.cbs8.com/story/31076659/1...-gambling-ring

Oh :eek:

Sltwtr1 14 September 2016 22:53

Quote:

Originally Posted by OfficeSloth (Post 1058593489)
Luke Fairfield may be having some issues:

"...The enterprise used sophisticated techniques and employed financial professionals to launder the proceeds of both the gambling and drug trafficking networks, according to the indictment.

Luke Fairfield, a certified public accountant based in San Diego, allegedly set up shell corporations and advised members of the organization on methods it could use to structure bank transactions so as to avoid detection by bank security and law enforcement."

http://www.cbs8.com/story/31076659/1...-gambling-ring

That is old news and was discussed Ad Hoc in January.

He is still practicing and did my taxes and many others on this site months after that article came out.

His client was the target, his name just came up.

Luke's still has my support and recommendation 110%.

Luke is a good guy who IMO is one of THE top SME for IC's overseas etc.

Sltwtr1

OUT

StMichael 14 September 2016 22:56

Quote:

Originally Posted by Sltwtr1 (Post 1058593493)
That is old news and was discussed Ad Hoc in January.

He is still practicing and did my taxes and many others on this site months after that article came out.

His client was the target, his name just came up.

Luke's still has my support and recommendation 110%.

Luke is a good guy who IMO is one of THE top SME for IC's overseas etc.

Sltwtr1

OUT

Clear. I'll definitely give him a shout and mention your referral.

Jong 15 September 2016 06:47

I have been using Luke for 9 years and have nothing but good things to say about him.

Hot Mess 15 September 2016 10:22

Quote:

Originally Posted by OfficeSloth (Post 1058593489)
Luke Fairfield may be having some issues:

"...The enterprise used sophisticated techniques and employed financial professionals to launder the proceeds of both the gambling and drug trafficking networks, according to the indictment.

Luke Fairfield, a certified public accountant based in San Diego, allegedly set up shell corporations and advised members of the organization on methods it could use to structure bank transactions so as to avoid detection by bank security and law enforcement."

http://www.cbs8.com/story/31076659/1...-gambling-ring

Quote:

Originally Posted by Sltwtr1 (Post 1058593493)
That is old news and was discussed Ad Hoc in January.

He is still practicing and did my taxes and many others on this site months after that article came out.

His client was the target, his name just came up.

Luke's still has my support and recommendation 110%.

Luke is a good guy who IMO is one of THE top SME for IC's overseas etc.

Sltwtr1

OUT

Agreed. If you read into it he did someone's taxes who was involved, he didn't necessarily mastermind shell corportations . I still have him do my stuff. All my dealing with Luke have been nothing but professional.

MixedLoad 15 September 2016 11:29

Luke's helped me straighten out things from my last CPA which still cost me today.

btq96r 15 September 2016 15:21

I've been using Luke since early 2010 both CONUS and OCONUS. When he did my taxes this year it was before I read about all the drama, but after it happened. I couldn't tell anything at all was amiss. I sent him my W2, and 1099's from the banks, and a few days later, he had my 1040 ready for review.


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