Royalty income can be defined as a form of payment received by individuals or businesses as a payment for the use of intellectual property, such as copyrights, trademarks, patents,...
Posted by Taxes Made EZ Inc on 07/07/2023
GILTI stands for Global intangible low-tax income, which is income earned from other countries by U.S-controlled foreign corporations (CFCs), and it undergoes peripheral treatment...
Posted by Rosovich & Associates, Inc. on 11/10/2022
With section 179, businesses can deduct the entire cost of significant assets such as business equipment and furniture immediately instead of depreciating them over time. Principle...
Posted by Rosovich & Associates, Inc. on 09/09/2021
Capital gains are the other kind of earnings from standard pay on business benefits. Taxes are applicable when the asset of the business is sold. Capital assets are ordinarily part...
Posted by Key Tax & Financial Services, LLC on 02/27/2019
You are trying to learn about starting your own business then congratulations. To take this very 1st step is very crucial as you might do for your family and, in several cases, for...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 09/07/2018
12.3.1 U.S. Taxation of Outbound Royalty Payments 12.3.1[a] Definition of RoyaltiesThe Code generally defines the term “royalty” by enumerating the kinds of property...
Posted by The Accounting and Tax on 08/14/2018
After death of a person, the administrator and executor of a deceased person should deal with their property and money. They have to pay debts and taxes of a dead person. The executor...
Posted by P Sinaly CPA PC on 05/21/2018
Growth and expansion often necessitates the purchase of new equipment, both to grow and to replace outdated pieces. However, when it comes to filing your taxes, depending on the purchase,...
Posted by Space Tax Services on 04/10/2016
When a young business begins to grow or finds itself in need of updated equipment, then there is a considerable capital outlay that is the result of that growth. As a business owner,...
Posted by David Schleis, EA on 03/24/2016
