Splitting Work Between Two Countries

Working in two different cities always presents issues and complexities, but it becomes a completely different headache when one of those cities is in a different country altogether. This becomes even more complicated once you introduce real estate and other location specific deductions.

A few years ago a Wall Street banker came to us and expressed his frustrations with his tax situation. He was splitting time between NYC and London, and was generating income in both locations. By the time we met with him, he was already three years late on filing returns and unsure how to address the issue.More