Deemed Paid Foreign Tax Credit U.S.A If a domestic Corporation receives dividends from foreign Corporation it usually cannot claim a deduction for dividends received. These dividends...
Posted by The Accounting and Tax on 12/01/2014
Some people rather complete the tax return themselves as opposed to having a professional tax preparer do the job for them. Most individuals are not aware that tax preparation fees...
Posted by AllRight Consulting & Tax, LLC on 12/01/2014
Small business owners with fewer than 50 full-time employees are exempt from the requirements of the ACA for 2015 only; however, Congress is considering extending that time period....
Posted by AllRight Consulting & Tax, LLC on 11/25/2014
Code Section 901: According to this code section if a U.S Citizen, a resident alien or a domestic corporation pays foreign income taxes it can claim credit for it when filing...
Posted by The Accounting and Tax on 11/19/2014
Refer Code section 904: Limitation on Credit: Source of income rules play a very vital role when it comes to computation of foreign tax credits limitation of a taxpayer. If foreign...
Posted by The Accounting and Tax on 11/16/2014
