In general, all salaries and other compensation for services rendered in the United States are believed to be from sources located in the United States. The place where the personal...
Posted by The TaxAdvocate Group, LLC on 01/09/2022
When filing a tax return each year, taxpayers may have different goals in mind. Some may want to reduce the amount of tax owed, seek a refund as much as possible, or avoid paying more...
Posted by The TaxAdvocate Group, LLC on 01/01/2022
The USA is a party to more than 60 bilateral tax treaties. Under its tax treaties, U.S. citizens and residents may be entitled to tax benefits, such as exemptions from certain income...
Posted by The TaxAdvocate Group, LLC on 12/27/2021
The IRS and state tax departments can perform tax audits. The following information is based on IRS tax audits, but keep in mind that most state audit processes and procedures are...
Posted by The TaxAdvocate Group, LLC on 12/18/2021
When you have delays in paying income tax, the IRS may allow you to set up a repayment plan, called an installment agreement, to get you back on track. However, it is up to you to...
Posted by The TaxAdvocate Group, LLC on 12/10/2021
Applying for a tax extension using Internal Revenue Service Form 4868 requires the Internal Revenue Service (IRS) to give you more time to file your tax return.An extension changes...
Posted by The TaxAdvocate Group, LLC on 11/30/2021
What is capital allowance?A capital allowance is an expense that a U.K. or Irish company can deduct from its taxable income. Capital allowances can be claimed for most assets purchased...
Posted by The TaxAdvocate Group, LLC on 11/21/2021
The word "debt" conjures up images of mortgages, crippling student loans, and monthly credit card balances. In general, they are intended for individual consumption. Small...
Posted by The TaxAdvocate Group, LLC on 11/11/2021
You have worked hard for your wealth. You want these assets and values to be communicated to the people and organizations that are dear to you. Wealth preservation planning is the...
Posted by The TaxAdvocate Group, LLC on 11/04/2021
