There is a short provision on the new tax reform bill that was just enacted which might impact how employees settle sexual harassment claims. According to section 13307 of TCJA, there...
Nonprofits envelop a wide range of entities. Many may relate not-for-profits with 501(c)(3) philanthropies, for example, the Salvation Army. However, there are various kinds of nonprofits...
Posted by Advanced Accounting & Tax Planning on 05/29/2019
An engagement ring is a symbol of love, dedication, and commitment between two people as they decided to spend the rest of their lives together. Engagement rings are usually made of...
Posted by Advantage Tax Services, Inc. on 03/01/2019
In an arm’s length transaction persons will act in their separate interest. It is a transaction that reflects ordinary commercial dealings between parties acting in their separate...
Posted by The Accounting and Tax on 11/08/2018
Unrelated business taxable income (UBTI) defines as an income that is regularly generated by an entity (tax-exempt body) by taxable activities. The income of UBTI is not associated...
Posted by Foudy CPA Group,PC on 05/16/2018
Hello everyone, this is Book 2 Tax here explain how to minimize your income tax losses this year. Virtually no one wants to be subject to more taxes, but do you understand the...
USA will only tax foreign business earnings if it repatriates it to USA through dividends. This policy is known as “deferral”. Deferral creates an opportunity for avoiding...
Posted by The Accounting and Tax on 01/10/2016
When it comes time to file your taxes, you may be wondering what head of household is and why you should or should not claim it. If you have never heard of the term, you are not alone...
Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis”....
Posted by East Harlem Tax Service on 05/23/2015