In case you shift to another location due to your job in the current fiscal year, the Internal Revenue Service (IRS) allows you to claim the tax deductible for moving expenses in the...
Posted by BHATIA & CO, INC, CPAs on 10/30/2015
How Getting Married Can Impact Your Taxes Whether you plan to get married or you recently got married, you may be wondering just how this big step is going to affect you and your...
Posted by Financial Balance LLC on 10/30/2015
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
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
Resident aliens in the United States are taxed on their world wide income. Nonresident aliens are taxed on their U.S source income. Code Section 7701(b)(1)(A) An alien will be considered...
Posted by The Accounting and Tax on 01/05/2015
The following items are not included in income of taxpayer for a taxation year: Amounts declared to be exempt by legislation of the Parliament of Canada (s. 81(1)(a)) Amounts received...
Posted by The Accounting and Tax on 01/03/2015
A corporation is liable to pay tax if: - It is a resident corporation of Canada - ...
Posted by The Accounting and Tax on 12/26/2014
