Turnaround depends on complete documents, IRS systems, and return complexity.
Only 41 more Crew Tax Return slots available for 2026
As of November 25th 2025
Choose your starting point & let us handle the numbers
Yacht crew and marine businesses get clear, done-for-you filings and reliable year-round support.
Yacht Crew W-2 Tax Filing (Crew Return)
Straightforward W-2? We file it correctly — and fast.
- 1040 filed accurately
- Optimized deduction setup
- Fastest refund method
- IRS transcript verification
Crew Pro (Schedule C Package)
Perfect for mixed income — tips, crossings, contract work.
- 1040 + Schedule C filing
- Crew deductions: travel, uniforms, training
- Self-employment tax planning
- Quarterly estimate setup
Quarterly Marine Tax Strategy
Built for busy yards & seasonal marine businesses.
- Quarterly tax projections
- Safe-harbor plan to avoid penalties
- §179 & bonus depreciation mapping
- Owner wage & draw optimization
Marine Core Compliance (Business Returns)
For marinas, brokerages, charters & marine shops.
- 1120-S, 1065, 1120 or Schedule C
- Owner K-1s & payroll coordination
- Florida DR-15 sales & use tax returns
- Deadline tracking & extensions
Marine Accounting Services
For owners who want clean books without hiring in-house.
- Monthly bookkeeping & reconciliations
- Job / vessel-level tracking
- Simple management reports & KPIs
- Ready-for-tax-year-end financials
Marine Payroll Services
Ideal if you’re tired of juggling crew payslips and filings.
- Payroll setup & ongoing processing
- Correct tax withholdings & filings
- Support for U.S.-based marine teams
- Year-end W-2s & payroll reports
Wise for yacht crew & marine businesses
Open a Wise Business account through McGregor Financial Services to send, receive, and hold money in 40+ currencies at the mid-market rate. Ideal for salary, tips, charters, suppliers, and cross-border marine expenses.
No ongoing monthly fee for Wise Business. Fees are shown upfront before you send or convert.
McGregor Financial Services (MFS) provides specialized tax preparation services for yacht crew, marine businesses, and owners. Whether you need help filing a 1040 form, 1099 form, 1099-NEC, or W-2/W-9 tax form, our team simplifies the process of efile tax returns, income tax planning, and payroll tax management.
Clients searching for a “tax preparer near me,” “CPA near me,” or “tax services near me” rely on MFS for accurate filing, compliance with the Internal Revenue Service (IRS), and guidance on everything from capital gains tax, inheritance tax, and property tax to self-employment tax and small business accounting.
We support marine professionals and small businesses with paycheck calculators, payroll calculators, sales tax calculators, federal income tax calculators, and refund tracking tools, ensuring that tax season is stress-free. Whether you’re dealing with an amended tax return, franchise tax board notices, excise tax, estate tax, or federal withholding tax, our advisors deliver clarity and compliance every step of the way.
Why MFS?
“ MFS was founded to reintroduce practicality to accounting in the Marine Industry, despite the overwhelming presence of technology.
We believe in maintaining the highest standards of integrity while offering personalized, reliable financial solutions that truly serve our clients' needs, ensuring they can navigate their financial futures with clarity and peace of mind.”
Founder | CEO | Enrolled Agent
USA | Federally License| All 51 States
Our Values
Featured Blogs
-
![Two women sitting at a table engaged in a discussion, one is reading from a piece of paper and the other is holding a cup of coffee.]()
How Financial Anxiety Impacts Mental Health Onboard: A Crew Member's Story
Behind the polished crew uniforms and picturesque ports, many yachties silently struggle with financial stress and emotional burnout. This blog explores the real-life challenges behind the lifestyle, and how financial awareness, therapy, and community support can lead to lasting change.
-
![Several large luxury yachts docked at a marina with a construction site and cranes in the background, under a clear blue sky.]()
A Financial Readiness Guide for Boat Repair Shops, Dealerships, and Marine Service Providers
Many marine businesses are denied financing not due to poor performance, but poor financial reporting. Learn why lenders say no—and how better bookkeeping, clear tax filings, and industry-specific insight can turn it into a yes.
-
![A young man and woman in white shirts stand on a boat, looking out at a marina with boats and lighthouse in the background.]()
Top Tax Deductions For Yacht Crew Members
Yacht crew often spend heavily on work-related costs—but many of these expenses are tax-deductible. Discover the top deductions that could lower your taxable income and boost your refund.
-
![]()
The Advantage of Structuring Your Yacht Brokerage as a Business for Tax Efficiency
Many yacht sales brokers operate as sole proprietors, missing out on key tax savings and legal protections. Learn how forming an LLC or S Corp can boost your income, reduce liability, and offer more freedom—all while staying connected to major brokerage firms.
-
![A folder with the words 'One Big Beautiful Bill' on it, placed on an American flag.]()
The One Big Beautiful Bill That Could Save Yacht Crew Thousands—If You Start Your Taxes Early
The U.S. tax system just got a major overhaul with the passing of the One Big Beautiful Bill on July 4, 2025—bringing new benefits for working-class professionals like yacht crew. But these tax breaks only pay off if you plan ahead. In this post, we break down two common financial paths crew take—and how each decision can impact your future under the new law.
FAQs
-
Yes. U.S. citizens and green card holders are taxed on worldwide income, even if they earn wages outside the United States. Yacht crew can often reduce or eliminate their tax liability through the Foreign Earned Income Exclusion (FEIE) if they qualify, but you must still file a U.S. tax return (Form 1040 or 1040NR). At McGregor Financial Services, we help yacht crew determine eligibility and optimize their filings.
-
Yacht crew tax obligations vary by employment type:
W-2 Employees file a standard Form 1040.
1099 Contractors file Form 1040 with Schedule C to report self-employment income and deductions.
Nonresident Aliens working in the U.S. usually file Form 1040NR.
MFS specializes in helping yacht crew navigate all three situations with accuracy and compliance.
-
Yes. 1099 independent contractors can deduct yacht crew-specific expenses such as:
Travel between assignments
Training and certification costs
Required uniforms or safety gear
Crew-related equipment and supplies
MFS ensures your deductions are maximized while remaining IRS-compliant.
-
If you are self-employed or receive 1099 income, the IRS requires quarterly estimated tax payments. Missing these payments may result in penalties and interest at year-end. Our Quarterly Crew Service helps yacht crew stay ahead with timely filings, expense tracking, and cash-flow planning.
-
Many yacht crew work in multiple states or countries throughout the year. MFS provides:
Multi-state residency planning to reduce tax exposure
Foreign Earned Income Exclusion (FEIE) optimization
FBAR and FATCA reporting for offshore bank accounts
Seamless integration into annual 1040 or 1040NR filing
We specialize in keeping yacht crew compliant, no matter where they work.
