4.3.1 (a) Residence of IndividualsUnder U.S domestic tax law, all individuals are subject to U.S tax, unless specifically exempted.U.S citizens are subject to U.S. tax on a worldwide...
Investors do not typically choose their investments based on their potential tax liability. However, during the tax filing season, all your investments and dividends will now play...
Many small business owners often wonder if there is a benefit to incorporating their business. Yet by incorporating your business, you can receive several tax benefits to reduce your...
When it comes to starting up your business, you need to keep a lot of things in line. You want to ensure that your taxes are done right and that you are providing the best service...
Starting a new business can be a huge undertaking. One of the most important and first decisions that you need to make is to decide how it will be structured. This will determine the...
You have a great idea for a business, and you can’t wait to get started! Knowing where to start, however, is tricky. Choosing a business entity can be complex and confusing....
Recently, the Senate passed legislation that funded a highway bill, but also changed several filing due dates for various businesses. The bill overrode the current due dates for several...
Posted by MVW Services on 03/03/2016
For small business owners, their tax filings are typically due earlier than the individual taxpayer. However, a recent highway funding extension passed by the Senate has also altered...
Posted by Brian Walsh EA on 03/03/2016
Rules for determination of amount, timing, character and source of foreign currency gains and loss are present in code section 988. Following transactions are included in code section...
Posted by The Accounting and Tax on 01/28/2016