Taxes can be quite muddling and what complicates it even further is when people create certain myths and misconceptions about taxes. These make people wary of filing their returns...
Posted by Allan J Rolnick, CPA, CTC on 12/21/2015
After computation of creditable foreign income taxes, next step is to compute foreign tax credit limitation. Example: USAco has U.S source income = 200 Foreign source taxable...
Posted by The Accounting and Tax on 12/18/2015
Tax returns can be quite a task if you are not aware of what all deductions you can include and how to itemize them. But the Internal Revenue Service website contains all the information...
Posted by Asharp Bookkeeper on 11/30/2015
Tax time is not something that most people look forward to, unless of course you are expecting a large refund. Tax time is probably one of the most stressful times for many and then...
Posted by Financial Balance LLC on 11/30/2015
As the tax deadline is right around the corner, it is important to make sure that you are properly prepared for the big day. Many people are persuaded by friends and family to believe...
Posted by Financial Balance LLC on 11/30/2015
Young families can keep their tax bills low by following some significant measures. Our list will help them to save for college, benefit from their flex account, and through many other...
Posted by Cheryl Panattoni Forensic Accounting and Tax Inc on 11/30/2015
People generally try to include as many deductions as possible in their tax return forms so that they have to pay as less as possible. If you have a family member with special needs,...
Posted by Stephen Elmore on 11/30/2015
Paying taxes is a burden that everyone has to bear but the Internal Revenue Service does have a few tax breaks and deductions that help ease your tax burden. Also, taxes are different...
Posted by Stephen Elmore on 11/30/2015
If it is that time of the year again, where you sit and ponder over your tax forms for hours on end to ensure you leave nothing out, it might be time to consider another aspect. If...
