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
The IRS has enforced new laws for taxpayers running a ranch or farm business. Although business can be overwhelming, the new laws have complicated it. Agriculture is a broad and uncertain...
Posted by Pat Raskob on 01/17/2023
While investing in stocks has proven to be the best and easiest way for the average investor to accumulate wealth over the long term, holding stocks with dividend payouts is often...
Posted by KLSM CPA Firm PLLC on 07/17/2021
Form 1099-MISC (miscellaneous income) is an IRS form that taxpayers use to report non-employee compensation. This is generally a commercial payment, not a personal payment.Freelancers,...
Posted by Dennis Jao on 12/12/2020
Real estate investment trusts (“REITs”) permit persons to invest in large-scale, income-producing real estate. Real estate investment trust (REIT) is an organization that...
Posted by Advanced Accounting & Tax Planning on 07/25/2019
13.2.1 Canadian Taxation of Gains of Non-ResidentsCanada does not impose tax on gains from the disposition of property by a non-resident other than the disposition of taxable Canadian...
Posted by The Accounting and Tax on 10/22/2018
6.3.1 Taxation of Investments in U.S Real Property by Canadian Investors6.3.1 (a) - IntroductionThere are many tax and legal considerations that must be weighed before making an investment...
Posted by The Accounting and Tax on 07/28/2016
6.1 IntroductionArticle VI (Income from Real Property) affirms the jurisdictional powers of the source State to impose its income tax on income derived by the resident of the residence...
Posted by The Accounting and Tax on 07/19/2016
5.2.1[a] Taxation of Income of Non-Residents GenerallyA non-resident person is subject to Part I tax in Canada if the non-resident, at any time in a taxation year,1 – Was employed...
Posted by The Accounting and Tax on 06/21/2016
