By Asharp Bookkeeper Tax is a topic that many people would rather it didn’t exist. Not purely because of the pinch it has on their incomes, but as well because it is complex...
Posted by Asharp Bookkeeper on 01/13/2016
If you are talking about tax deductions, the richer you are, the better it is for you. The middle class people of America have some tax breaks in their kitty like those of wealthy...
Posted by BHATIA & CO, INC, CPAs on 01/04/2016
If it is that time of the year again, where you sit and ponder over your tax forms for hours on end to ensure you leave nothing out, it might be time to consider another aspect. If...
Top 20 things that you can deduct from your taxes As soon as it is time to file your tax returns, your face changes color and you grumble and mutter to yourself while filling...
Living a good life can be owning a home, owing a business, being debt free, driving a high end car or having a good investment portfolio. These goals are achievable with a strong financial...
Source of income can have significant impact on calculation of foreign tax credit limitation. Formula for foreign tax credit limitation = Pre-credit U.S tax x foreign...
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...
The United States taxes its citizens on their world income even if they are not present in the United states. Canada taxes its residents on their would income. U.S Citizens...
Foreign Corporations and non-resident aliens who have a U.S source income are subject to U.S Taxation. According to codes section 871 (b) and 882, all Foreign Persons are taxed at...