For many individual taxpayers and small business owners, using independent contractors can mean a reduction in tax liability for funds paid out, but can also mean that you are not...
Many people choose to use rental properties as a way to make some money. There are many families who like the idea of living in a home, or even an apartment, because everything is...
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....
If you have gone into business for yourself in the last year, you might find the upcoming tax season incredibly scary. Not only do you have to worry about filing taxes correctly, you...
Hello, everyone. It’s Joe Gormley, CPA here to offer some more tax advice for you. If you are stressing out on how you’re able to pay your tax debt before April 15th, you’re...
The corporate tax structure is highly complex and complicated. It is also not quite black and white. There are countless grey areas and if you are a startup founder or are even planning...
As a small business owner, many are familiar with the challenges of bookkeeping. Recording all the appropriate expenses, making sure to capture all the income and reconciling each...
Posted by MVW Services on 01/13/2016
The United States restricts the credit to foreign income taxes that duplicate the U.S income tax against which the credit is taken. Under code section 901, a foreign levy must...
People generally try to include as many deductions as possible in their tax return forms so that they have to pay as less as possible. If you have a family member with special needs,...
Posted by Stephen Elmore on 11/30/2015