IRS has the standards for you to have a clean sheet on the tax and receive the discount. The main standard is the offers in compromise also known as OIC. IRS considers the amount of...
Posted by Duce Taxes & Accounting on 03/01/2018
Taxes are the lifeblood of the government. It is a levy which placed on the profit of an institution to raise funds. It is also considered as a legal obligation to the government,...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 02/19/2018
Fees paid to attorneys, accountants, and other independent professionals or contractors can be deducted as "necessary and ordinary" business expenses. This comprises system analysts,...
Posted by RONNIE@RLDARDENCPA.COM on 05/09/2017
Six Tax Tips for the Self-EmployedSelf-employed taxpayers normally earn income by carrying on a trade or business. Here are six important tips from the IRS for the self-employed:Self-Employed...
Posted by Emelia Mensa CPA on 02/14/2017
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
5.3.1[a] U.S. Taxation of Foreign PersonsThe U.S. tax treatment of foreign persons and foreign-related transactions depends primarily on three criteria:1 – Whether the income earned...
Posted by The Accounting and Tax on 07/03/2016
For many individuals, tax time can be frustrating. Changes to the tax code can often mean that last year’s deductions might not apply anymore or you no longer qualify. Working with...
Posted by M-E Accounting & Tax Services, Inc. on 06/26/2016
5.2.2[a] Article V(1) – Definition of Permanent EstablishmentArticle V (1) provides a general concept of the notion of “permanent establishment” for the purposes of the Treaty.For...
Posted by The Accounting and Tax on 06/21/2016
Investments can provide an additional income stream, both while you are working or during your retirement. But there are also the potential risks that come with an investment that...
Posted by ERNIE BUSTAMANTE on 06/09/2016
