Many taxpayers overpay their taxes every year just because they neglect one of the following money-savers. To remind all those people and update their tax deduction knowledge, we have...
Posted by Cheryl Panattoni Forensic Accounting and Tax Inc on 10/30/2015
Forensic auditing is just like forensic criminology. The way forensic experts visualize the crime scene by analyzing bullets and blood, a certified forensic auditor analyses the financial...
Posted by Cheryl Panattoni Forensic Accounting and Tax Inc on 10/30/2015
Bases for asserting jurisdictions Who to tax? What income to tax? Personal relationship between a taxpayer and the country This concept also applies to corporations and other type...
Posted by The Accounting and Tax on 10/13/2015
Canadian citizens working in the United States are usually not sure if they should be filing taxes in Canada. According to CRA if someone is not considered to be a resident of Canada...
Posted by The Accounting and Tax on 05/28/2015
Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis”....
Posted by East Harlem Tax Service on 05/23/2015
All businesses are required to report sales and income over a taxation year. Profits = Sales – Expenses Net Income = Profits – Taxes Categories included in an income...
Posted by The Accounting and Tax on 05/07/2015
Gross income comes from following categories of income: Interest, Dividends, Personal Services, Rentals, Royalties, Gains from disposition of property. Leasing generates rental income....
Posted by The Accounting and Tax on 03/05/2015
Source of income can have significant impact on calculation of foreign tax credit limitation. Formula for foreign tax credit limitation = Pre-credit U.S tax x foreign...
Posted by The Accounting and Tax on 02/18/2015
Welcome 2015! As the new year rolls around, it's always a sure bet that there will be changes to current tax law and 2015 is no different. Below you'll find a summary of tax changes,...
Posted by J.D. Raleigh & Associates LLC on 01/21/2015
