If you haven’t found a tax preparer to assist you in your tax filing adventures, you may be interested to know more about one of the beginning steps in determining what you owe,...
If you haven’t found a tax preparer to assist you in your tax filing adventures, you may be interested to know more about one of the beginning steps in determining what you owe,...
The first step when it comes to filing your federal tax return is going to be deciding just how you’re going to file. The first major question you’ll need to ask yourself is “Should...
Rules for determination of amount, timing, character and source of foreign currency gains and loss are present in code section 988. Following transactions are included in code section...
Posted by The Accounting and Tax on 01/28/2016
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
Many of us know that taxes vary from state to state and the deductions for each state vary as well. Not only does the state account for the cost of living, but it also accounts for...
Listen, we’ve got it. Taxes are here like the winter—do you feel prepared? Are the windows shuttered, the dials set to 70, and the sweaters yanked out of storage? The same...
Hello, everyone. It’s Joe Gormley, CPA here to offer some more tax advice for you. If you are stressing out on how you’re able to pay your tax debt before April 15th, you’re...
Hey everyone, Joe Gormley, CPA here to answer your tax questions. Do you live near Rutgers? Are you a fan of the Scarlet Knights? Even if you’re a fan of other great colleges, we...