Many tax payers think that only the self employed can deduct business expenses. Such is not the case. Employees can deduct some of their unreimbursed business expenses...
Posted by AllRight Consulting & Tax, LLC on 12/30/2014
Quite often I get asked what type of tax breaks are our men and women in the military receiving. This is a complicated question because military personnel receive different types...
Posted by AllRight Consulting & Tax, LLC on 12/30/2014
Code Section 7701 (a)(30) U.S citizens are U.S Persons and Citizens of foreign countries are U.S Persons who meet either of the following two tests: Green Card test Substantial...
Posted by The Accounting and Tax on 12/28/2014
The following items are included in income of taxpayer for a taxation year: Alimony or maintenance payments (s. 56(1)(b) and s. 56(1)(e)) Allowances for personal, living, or any...
Posted by The Accounting and Tax on 12/27/2014
A corporation is liable to pay tax if: - It is a resident corporation of Canada - ...
Posted by The Accounting and Tax on 12/26/2014
The United States taxes its citizens on their world income even if they are not present in the United states. Canada taxes its residents on their would income. U.S Citizens...
Posted by The Accounting and Tax on 12/24/2014
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...
Posted by The Accounting and Tax on 12/22/2014
On December 16, 2014, Congress passed the Tax Increase Prevention Act of 2014. This bill is currently waiting for the President to sign. Approximately 50 tax provisions...
Posted by AllRight Consulting & Tax, LLC on 12/22/2014
