Many married couples chose to file “married filing jointly” because of the benefits receive through this filing status. For many couples there are no problems; however,...
Posted by AllRight Consulting & Tax, LLC on 12/24/2014
If a taxpayer has personal relations with one country (Home) and derives income from another country (Host) it can cause a double taxation issue. The host country will most likely...
Multinational Companies do lot of intercompany transactions. U.S manufacturers market their products in foreign countries through their subsidiaries. Domestic parent companies sometimes...
The year 2014 is soon coming to an end. That means tax time is around the corner. End of the year tax tips are always greatly appreciated, especially ones that can help...
Posted by AllRight Consulting & Tax, LLC on 12/15/2014
Ref Code Section 871 (b) and 882: According to these code sections if a foreign person is engaged in a U.S trade or business, he is subject to U.S taxes for any income that is connected...
Posted by The Accounting and Tax on 12/10/2014
Foreign Corporations and non-resident aliens who have a U.S source income are subject to U.S Taxation. According to codes section 871 (b) and 882, all Foreign Persons are taxed at...
If a domestic corporation has a foreign subsidiary, this subsidiary will usually maintain its books and records in the currency of the country where it exists. If this subsidiary repatriates...
Deemed Paid Foreign Tax Credit U.S.A If a domestic Corporation receives dividends from foreign Corporation it usually cannot claim a deduction for dividends received. These dividends...
Some people rather complete the tax return themselves as opposed to having a professional tax preparer do the job for them. Most individuals are not aware that tax preparation fees...
Posted by AllRight Consulting & Tax, LLC on 12/01/2014