For many companies, the provisions of the Affordable Care Act (ACA) have phased in specific tax credits and potential penalties. Individuals and employers all have criteria to meet...
While filing our taxes might involve a detailed analysis of what we spent throughout the year to build our list of deductions, the IRS also offers some incentives that reduce the amount...
If you’re looking to save money this tax season, itemizing deductions claimed on your taxes can the way to go. One problem that we see often is that because there’s often SO many...
Donating is popular throughout the United States and many people give to their favorite organizations throughout the holidays and year as well. If you enjoy the gift of giving and...
Income of a Taxpayer
Salary, wages, remunerations, for services and gratuities received by a taxpayer are all considered as income of a taxpayer. These types of incomes are taxable...
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...