Go Back   SOCNET: The Special Operations Community Network > Employment and Training > Professional Development and Education

Reply
 
Thread Tools Display Modes
  #1  
Old 14 September 2016, 20:51
StMichael StMichael is offline
Registered User
 
Join Date: Aug 2016
Location: Kuwait
Posts: 15
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)
Reply With Quote
  #2  
Old 14 September 2016, 22:12
leopardprey's Avatar
leopardprey leopardprey is offline
Been There Done That
 
Join Date: Dec 2005
Location: Indiana
Posts: 10,114
I always have done the exemption up front, then paid all my taxes (if any owed) when did my taxes.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
"Look Sharp, Act Sharp, Be Sharp - But don't cut yourself!"
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #3  
Old 14 September 2016, 22:20
StMichael StMichael is offline
Registered User
 
Join Date: Aug 2016
Location: Kuwait
Posts: 15
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.
Reply With Quote
  #4  
Old 14 September 2016, 22:28
Sltwtr1's Avatar
Sltwtr1 Sltwtr1 is offline
Authorized Personnel
 
Join Date: Jan 2005
Location: Soy Paisa
Posts: 2,331
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
__________________
"That's the problem with you people, you want results but you aren't willing to get your hands dirty!"

Jack Bauer
Reply With Quote
  #5  
Old 14 September 2016, 22:43
OfficeSloth's Avatar
OfficeSloth OfficeSloth is offline
Been There Done That
 
Join Date: Aug 2007
Location: South of the North Pole
Posts: 2,242
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
__________________
OS
Reply With Quote
  #6  
Old 14 September 2016, 22:44
StMichael StMichael is offline
Registered User
 
Join Date: Aug 2016
Location: Kuwait
Posts: 15
That's why I couldn't find anything useful. I didn't know of Luke and just searched "taxes".

Thanks.
Reply With Quote
  #7  
Old 14 September 2016, 22:45
StMichael StMichael is offline
Registered User
 
Join Date: Aug 2016
Location: Kuwait
Posts: 15
Quote:
Originally Posted by OfficeSloth View Post
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
Reply With Quote
  #8  
Old 14 September 2016, 22:53
Sltwtr1's Avatar
Sltwtr1 Sltwtr1 is offline
Authorized Personnel
 
Join Date: Jan 2005
Location: Soy Paisa
Posts: 2,331
Quote:
Originally Posted by OfficeSloth View Post
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
__________________
"That's the problem with you people, you want results but you aren't willing to get your hands dirty!"

Jack Bauer
Reply With Quote
  #9  
Old 14 September 2016, 22:56
StMichael StMichael is offline
Registered User
 
Join Date: Aug 2016
Location: Kuwait
Posts: 15
Quote:
Originally Posted by Sltwtr1 View Post
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.
Reply With Quote
  #10  
Old 15 September 2016, 06:47
Jong Jong is offline
Confirmed User
 
Join Date: Feb 2006
Location: Fantasy Land
Posts: 1,187
I have been using Luke for 9 years and have nothing but good things to say about him.
__________________
"The best argument against democracy is a five-minute conversation with the average voter."

Winston Churchill
Reply With Quote
  #11  
Old 15 September 2016, 10:22
Hot Mess's Avatar
Hot Mess Hot Mess is offline
In Vino Veritas
 
Join Date: Sep 2006
Location: Where you vacation
Posts: 10,457
Quote:
Originally Posted by OfficeSloth View Post
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 View Post
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.
__________________
Come on boys, you got to do it right, pray to the moon in the middle of the night
Reply With Quote
  #12  
Old 15 September 2016, 11:29
MixedLoad's Avatar
MixedLoad MixedLoad is offline
Been There Done That
 
Join Date: Aug 2003
Location: NORCAL
Posts: 8,092
Luke's helped me straighten out things from my last CPA which still cost me today.
__________________
“Suaviter in modo, fortiter in re"

"Operator much like rock and roll, is dead." - ClearedHot
Reply With Quote
  #13  
Old 15 September 2016, 15:21
btq96r's Avatar
btq96r btq96r is offline
Calix Meus Inebrians
 
Join Date: Jun 2009
Location: Improving my Foxhole
Posts: 3,110
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.
__________________
Moderation is for Canadians.
Reply With Quote
Reply

Thread Tools
Display Modes

Our new posting rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



All times are GMT -4. The time now is 08:11.
Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Socnet.com All Rights Reserved
SOCNET