The Internal Revenue Service Data Book, 2016 reveals that close to 30% of all tax returns audited in 2016 had an adjusted gross income in excess of $5 million. However, this does...
Posted by PB Tax & Accounting Services on 04/12/2017
Six Tax Tips for the Self-EmployedSelf-employed taxpayers normally earn income by carrying on a trade or business. Here are six important tips from the IRS for the self-employed:Self-Employed...
Posted by Emelia Mensa CPA on 02/14/2017
If you’re leaving your job and you have a retirement plan (other than a defined benefit (pension) plan), you generally have four options for your account balance:1. Leave your...
Posted by Emelia Mensa CPA on 01/18/2017
6.3.1 Taxation of Investments in U.S Real Property by Canadian Investors6.3.1 (a) - IntroductionThere are many tax and legal considerations that must be weighed before making an investment...
Posted by The Accounting and Tax on 07/28/2016
6.1 IntroductionArticle VI (Income from Real Property) affirms the jurisdictional powers of the source State to impose its income tax on income derived by the resident of the residence...
Posted by The Accounting and Tax on 07/19/2016
5.3.1[a] U.S. Taxation of Foreign PersonsThe U.S. tax treatment of foreign persons and foreign-related transactions depends primarily on three criteria:1 – Whether the income earned...
Posted by The Accounting and Tax on 07/03/2016
For many individuals, tax time can be frustrating. Changes to the tax code can often mean that last year’s deductions might not apply anymore or you no longer qualify. Working with...
Posted by M-E Accounting & Tax Services, Inc. on 06/26/2016
4.3.1 (a) Residence of IndividualsUnder U.S domestic tax law, all individuals are subject to U.S tax, unless specifically exempted.U.S citizens are subject to U.S. tax on a worldwide...
Posted by The Accounting and Tax on 06/09/2016
Retirement may seem years or even decades away. Yet by planning and saving now, you can enjoy a relatively stress free retirement. Additionally, by starting to contribute to your retirement...
Posted by M-E Accounting & Tax Services, Inc. on 06/09/2016
