The IRS recently made its first foray into expanding the tax capital reporting requirement for 2020, which will apply to all partnerships. The IRS press release summarizes the proposed...
Posted by Aurelia E Weems CPA on 01/18/2021
The Federal Fuel Tax Credit is a program that allows businesses to reduce their taxable income dollar by dollar-based on specific types of fuel costs. The fuel tax credit encourages...
Posted by Dennis Jao on 01/06/2021
Know the Advantages of S Corporations and PartnershipsThere are three main types of business which people mostly know off and prefer to have these types of businesses which also excel...
Posted by rinehimerbaker on 03/23/2018
When it comes about owning the business mostly people know about three types of business ownership which is sole proprietorship, S Corporations and Partnerships. There are other types...
Posted by Allen Kemper on 03/15/2018
4.3.1 (a) Residence of IndividualsUnder U.S domestic tax law, all individuals are subject to U.S tax, unless specifically exempted.U.S citizens are subject to U.S. tax on a worldwide...
Posted by The Accounting and Tax on 06/09/2016
Partnerships are unique business entities. They are not quite sole proprietorships and they are not quite corporations or companies. That also means that they are taxed differently...
Posted by Donna J Ward, CPA on 01/13/2016
