Not Living on the Earth? You Still Have to Pay Your Taxes on Time
You gotta hand it to the IRS for being thorough. They’ll leave no stone unturned in an effort to make sure that every taxpayer files their return. That’s even true of very big stones, otherwise known as asteroids. In other words, even if an astronaut wanted to hide behind an asteroid or a moon rock, he or she would still have to file a tax return on time.
That’s right, when it comes to filing taxes, unless you go through the proper channels and file for an extension, then you must pay your taxes on time, even if you’re an astronaut in the middle of space from January 1 to April 15. So what is a space traveler to do if he or she ends up in orbit when taxes are due?
Well, like any other traveler back here on the ground can do, they need to contact a good accountant. Although this situation may not apply to a lot of people right now, as more and more people and businesses in the private sector delve into space travel it could definitely come into play more often and for more people, including the ultra-wealthy who are behind these new space travel endeavors.
Meantime, there are many other world travelers that spend many months at a time abroad. Just like astronauts, they too need to make sure they file their taxes on time. If you count yourself among the many who spend a lot of time away from home, including some of the very wealthy, then make sure you don’t overlook your tax planning and preparing duties. Contact GROCO and you can have peace of mind that your taxes will be taken care of, whether you’re in Europe, Asia, and Australia or even in space.
John Hoffmire
Transcript of John Hoffmire: Alan Olsen: One of the areas that you’ve been involved with is impact investing, what is impact investing? John Hoffmire: Well, impact investing can be defined as a number of different ways. I’m going to define it in the broadest possible way, where investments of almost all types make an…
Add These Leadership Skills for 2021
As we begin to exit the pandemic, are you looking to grow or enhance your leadership skills this year? If so, it is vital to have a plan as no one can expect to become a better leader just by showing up every day. Here are some important things to focus on in 2021. These leadership…
Workplace Accountability in Four Steps
Have you encountered a co-worker, boss or employee, who slacks off, unloads their work onto others, or takes credit for work and ideas that are not their own? Accountability in the workplace can often seem a bit too scarce, especially when the competitive drive kicks in. Or perhaps, someone that works hard, but never seems…
What’s Love Got to do with Leadership?
What is the most important attribute of a good leader? While it is difficult to single out one overarching attribute, according to leadership author, Lolly Daskal, “The single most important factor that differentiates a good leader from a great leader is LOVE.” Truly exceptional leaders know how to lead with love. One of the main…