Severance taxes are a form of tax imposed on the extraction of natural resources such as oil, gas, coal, or timber. These taxes are levied on businesses that extract natural resources...
Posted by Dennis Jao on 04/21/2023
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
Since nonresident and resident aliens are taxed differently, it is important to determine your status. You are considered a nonresident alien when you are not a U.S. citizen or a U.S....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/01/2022
The United States is one of the strongest nations in the world. Giant buildings, cosmic infrastructure, technological advancements, and a literate population make this country one...
Posted by Dennis Jao on 03/10/2022
What is the severance tax?The severance tax is a state tax imposed on the extraction of non-energy natural resources for consumption in other states. These natural resources include...
Posted by Taxes Made EZ Inc on 02/27/2020
As an investor concerned with the impact of every dollar invested, it is essential to know your options and make sure that your investments match the issues that matter to you. It...
Posted by CORE PERFORMANCE on 09/19/2021
Most taxpayers in the U.S wants to work in a lower tax states or states with reduced tax payments.If you live in New York, California or New Jersey, you would have once considered...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 04/09/2019
The states that have no income tax as of 2018 are Wyoming, Alaska, Texas, Washington, Florida, Nevada, and South Dakota. Two other states with an incredibly low rate, on the other...
Posted by Wright Tax and Accounting Solutions on 02/25/2019
13.2.2 [a] Article XIII(1) – Gains from Real PropertyArticle XIII(1) provides that the gains derived by a U.S. resident from the alienation of real property situated in Canada...
Posted by The Accounting and Tax on 10/30/2018
