For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...
Posted by Horizon Client Services, LLC on 01/30/2016
Currency translation issues:Foreign branches and subsidiaries keep their books and records in the currency of host country.Parent companies in USA are required to compute their taxable...
Posted by The Accounting and Tax on 01/27/2016
In order to report various forms of income or to take advantage of various deductions, the IRS typically requires you as the taxpayer to complete various forms known as tax schedules....
Posted by Denisha Marino on 01/23/2016
For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...
Posted by Kevin J May CPA on 01/22/2016
AccountantIt is no secret that the risks of committing avoidable tax flaws, particularly towards the tax filing deadline, are abnormally high, some with completely negative consequences...
Posted by Williams Tax & Bookkeeping on 01/22/2016
While we all must file our taxes annually, there are plenty of ways to create tax savings throughout the year. Working with your tax professional at James Wells EA MBA Tax Office in...
Posted by James Wells EA MBA Tax Office on 01/21/2016
Background:U.S investors in foreign mutual funds could avoid U.S taxes. The fund itself could avoid U.S taxes because it was a foreign corporation that only derived foreign source...
Posted by The Accounting and Tax on 01/19/2016
USA will only tax foreign business earnings if it repatriates it to USA through dividends. This policy is known as “deferral”. Deferral creates an opportunity for avoiding...
Posted by The Accounting and Tax on 01/10/2016
A general rule for tax planning for dividend repatriation includes cross-crediting, minimizing foreign withholding taxes and considering alternative methods of repatriating earnings. Cross-Crediting If...
Posted by The Accounting and Tax on 01/06/2016
