Taxpayers have the opportunity to come forward and voluntarily address their tax noncompliance through the IRS Voluntary Disclosure Program. This article examines the advantages of...
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...
Accumulated earnings and profits (E&P) are the earnings accumulated by a company after the payment of dividends to shareholders. It measures a company's ability to pay cash...
You are most likely familiar with the term "Audit." You may have even used it often in a statement. What exactly is an audit, and how is it done?Every organization is governed...
The term accumulated earning refers to a company’s net profits after the payments of dividends have been made. This term is often used interchangeably with others such as; accumulated...