The United States restricts the credit to foreign income taxes that duplicate the U.S income tax against which the credit is taken. Under code section 901, a foreign levy must...
Posted by The Accounting and Tax on 12/18/2015
Tax deductions can prove to be very beneficial for your small business setup. Not only do they put extra money in your pocket every year, but they also provide you various personal...
Posted by Asharp Bookkeeper on 11/30/2015
Tax time is not something that most people look forward to, unless of course you are expecting a large refund. Tax time is probably one of the most stressful times for many and then...
Posted by Financial Balance LLC on 11/30/2015
As the tax deadline is right around the corner, it is important to make sure that you are properly prepared for the big day. Many people are persuaded by friends and family to believe...
Posted by Financial Balance LLC on 11/30/2015
Everyone wants to reduce their taxes and their taxable income, especially retirees and those who are living on a fixed income. They want to lower their tax liability more than anyone...
Posted by Cheryl Panattoni Forensic Accounting and Tax Inc on 11/30/2015
Paying taxes is a burden that everyone has to bear but the Internal Revenue Service does have a few tax breaks and deductions that help ease your tax burden. Also, taxes are different...
Posted by Stephen Elmore on 11/30/2015
If it is that time of the year again, where you sit and ponder over your tax forms for hours on end to ensure you leave nothing out, it might be time to consider another aspect. If...
As tax season approaches, you may race to hire a tax preparer in order to file your tax returns in time. But in your haste, make sure you don’t choose a tax preparer who is ready...
Posted by BHATIA & CO, INC, CPAs on 11/29/2015
A taxpayer has various options when it comes to filing his or her income tax returns. If you earn a modest income, do not own a house, work for someone else, or supervise plenty of...
Posted by East West Accounting Services LLC on 11/29/2015
