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
Accumulated tax earning is a form of encouragement by the government to give out dividends, rather than keeping their earnings. It is a form of tax imposed by the Federal Government...
Qualifying as a real estate professional is not easy. On the bright side, if you qualify as a professional real estate, you are entitled to an income tax treatment that can benefit...
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
Numerous offended parties win or settle a lawsuit and are astounded they need to pay tax. Some don't understand it until the time the next year when IRS Forms 1099 land via the...
Posted by YourIRSTaxAdvocate.com on 10/23/2019
President Donald Trump has been considering further cuts to payroll taxes to allow American workers to get higher wages at home. But such an approach could have negative consequences...
Posted by Larry Hurt on 09/30/2019
Form 1098 is a form you are required to file with the Internal Revenue Service (IRS) that explains the measure of interest and related costs paid on a mortgage in a tax year. These...
Posted by LLOYD J CAZES CPA on 08/26/2019
While numerous employees are wrapping up recording W-2s or 1099 forms for taxes, some may end up in a one of a kind circumstance - that is, being independently employed. Regardless...
Posted by Larry Hurt on 08/26/2019
A property tax also known as a millage rate is an ad valorem tax on the estimation of a property, usually levied on land. The fee is required by the governing bodies of the districts...
Posted by YourIRSTaxAdvocate.com on 05/24/2019