Filing your taxes is not only confusing, but it can be a daunting tax to take on as well. If this is your first time filing your taxes, there are some things you need to do and take...
Posted by Stephen Elmore on 10/30/2015
Rental income An owner of a rental property is eligible for tax deduction from the earnings of gross rent provided the owner makes the following expenses in the current fiscal year....
Posted by ERNIE BUSTAMANTE on 10/30/2015
Having a Baby? Keep Your Eye on These Tax Deductions Let’s face it. Having a baby is expensive, especially if it’s your first. As you prepare to welcome a newborn into...
Posted by Financial Balance LLC on 10/30/2015
As you hear the word taxes, you want to run away. Dealing with your taxes can often be tiresome and frustrating and you woe the day you have to file your tax returns. Then there are...
Posted by East West Accounting Services LLC on 10/20/2015
Bases for asserting jurisdictions Who to tax? What income to tax? Personal relationship between a taxpayer and the country This concept also applies to corporations and other type...
Posted by The Accounting and Tax on 10/13/2015
Canadian citizens working in the United States are usually not sure if they should be filing taxes in Canada. According to CRA if someone is not considered to be a resident of Canada...
Posted by The Accounting and Tax on 05/28/2015
It might seem like a no-brainer to define just exactly what profit and loss are. But of course these have definitions like everything else. Profit can be called different things,...
Posted by East Harlem Tax Service on 05/23/2015
Source of income can have significant impact on calculation of foreign tax credit limitation. Formula for foreign tax credit limitation = Pre-credit U.S tax x foreign...
Posted by The Accounting and Tax on 02/18/2015
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
