For many small business owners, it is important to know what type of taxes you are responsible for early in the process of creating your business. At the same time, many small business...
Article IV(3)A situation of dual Resident Corporation may arise if a corporation is considered a resident in the U.S. under the treaty by virtue of its incorporation in the U.S.,...
When it comes to choosing the type of set up for your business, there are pros and cons to a limited liability company and a partnership. However, an S corporation or S corp can provide...
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
If you want to understand the workings of taxation in the US better and how the relevant authorities play out the whole procedure using the IRS guideline basics, contact the accountants...
Most people find anything to do with the IRS stressful and sometimes disturbing, and at the offices of Falisha Griffin, we understand that completely. That is why people hire our professional...
“Taxes are the price we pay for civilization,” said Oliver Wendell Holmes, the great Supreme Court justice of US. But, sometimes it seems that people who cannot offshore...
Posted by ERNIE BUSTAMANTE on 10/30/2015
Code Section 7701 (a)(30) U.S citizens are U.S Persons and Citizens of foreign countries are U.S Persons who meet either of the following two tests: Green Card test Substantial...
If a taxpayer has personal relations with one country (Home) and derives income from another country (Host) it can cause a double taxation issue. The host country will most likely...