Are you an American native planning a move overseas or are you already living abroad? Do you have years of pendingtax returns? Even though it may seem tempting, you should never ignore...
Posted by BHATIA & CO, INC, CPAs on 01/20/2016
A tax deduction is a feasible and convenient way to reduce a person’s taxable income. The total deductions are subtracted from the taxable income to devise the total...
Posted by ERNIE BUSTAMANTE on 01/19/2016
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
A tax deduction is the right way to reduce a person’s taxable income. The total deductions are subtracted from the taxable income to devise the total tax bill, for a complete financial...
Posted by ERNIE BUSTAMANTE on 01/19/2016
When starting a new business, there are multiple details that require your attention. From inventory to employees, you need to be in several places at once. The administrative aspects...
Posted by MVW Services on 01/13/2016
If you’re working as an employee of the company you’re contracted to, then your tax situation is pretty much straight forward. In fact, you may not have a lot of tax questions...
Posted by BHATIA & CO, INC, CPAs on 01/13/2016
Tax deductions are popularly known to diminish your taxable earnings. Lesser earnings mean that you incur a small tax bill. But, the main confusion here, for many taxpayers is...
Posted by Allan J Rolnick, CPA, CTC on 01/13/2016
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
The first thing to note when it comes to self-employed tax, SE tax, is that it only refers to Medicare taxes and Social Security benefits. Self-employed persons may be required to...
Posted by East West Accounting Services LLC on 01/06/2016
