The base erosion and anti-abuse tax apply to some corporations that make "base erosion payments." Formed as part of the Tax Cuts and Job Act (TCJA), BEAT accrued in taxable...
Posted by Carmen Garcia on 04/02/2020
A business operated by an individual owner is what we will call a sole proprietorship. And, for several reasons, the sole proprietor is unique:You can just get started if you want...
Posted by Debi G Hill, CPA on 12/28/2019
To pay for construction and repair of US bridges, roads, and interstate highways, gas taxes have often been considered an integrated ‘user fee’. Many states and the federal...
Posted by Debi G Hill, CPA on 11/26/2019
Real estate investment trusts (“REITs”) permit persons to invest in large-scale, income-producing real estate. Real estate investment trust (REIT) is an organization that...
The states that have no income tax as of 2018 are Wyoming, Alaska, Texas, Washington, Florida, Nevada, and South Dakota. Two other states with an incredibly low rate, on the other...
Posted by Wright Tax and Accounting Solutions on 02/25/2019
The members of the armed forces and their families face many challenges and that include filing taxes with the IRS. American military personnel, whether on active duty or reserve service,...
Posted by Advantage Tax Service on 11/14/2018
There are many regulations which are associated with IRS. One of them is the repeal of federal excise tax (FET). You have to get into the regulations of understating the basic meaning...
Posted by Advantage Tax Service on 06/30/2018
Excise Taxes or sin taxes are charged on services or products that are not categorized as good products for environment and consumers. The common products that may include excise taxes...
Posted by Tax Solutions & Accounting Services on 05/18/2018
The present society has been classified and defined based on their financial capacity, ranges from poorest to the richest – they are the people from the different end of the...
Posted by Jakusovas & Company on 04/12/2018