Civilian federal employees serving in combat zones would receive the same tax credit available to military personnel who work alongside them, under a new bipartisan bill. The Combat Zone Tax Parity Act (H.R. 4621) aims to address a shortage of civilian workers staffing dangerous regions by extending a federal income tax break to those employees. […]
As a U.S. citizen/green card holder residing abroad, you still owe U.S. taxes on your worldwide income. The U.S. has tax treaties with many countries, which allows the federal government to exchange data on its citizens living in other countries for tax purposes. Most importantly, if you do not file a tax return for a given […]
Many of the positions needed in combat zones like Iraq and Afghanistan directly support military operations. The need for contractors with valid security clearances is high, and workers with security clearances may earn the highest salaries in the private sector. The average salary for private contractors is $93,961 as of December 2012. The average private […]
The Defense Base Act (DBA) is an extension of the Longshore and Harbor Workers' Compensation Act (LHWCA) which provides disability compensation and medical benefits to employees and death benefits to eligible survivors of employees of U.S. government contractors who perform work overseas. With a few exceptions, the DBA incorporates the provisions of the LHWCA. Work for […]
According to Fairfield Hughes a CPA with experience in doing taxes for Overseas Contractors, AEGIS employees who worked in Afghanistan this last tax year has reported there Foreign Tax Credit is not shown on there W-2's for the 2012 tax season.