You may be eligible for the qualified business income deduction if you are a small business owner.The Qualified Business Income (QBI) deduction provides small business owners with...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/09/2023
A business operated by an individual owner is what we will call a sole proprietorship. And, for several reasons, the sole proprietor is unique:You can just get started if you want...
Posted by Debi G Hill, CPA on 12/28/2019
Unrelated business taxable income (UBTI) defines as an income that is regularly generated by an entity (tax-exempt body) by taxable activities. The income of UBTI is not associated...
Posted by Foudy CPA Group,PC on 05/16/2018
Taxes are considered as the lifeblood of the government. Every nation throughout the globe used taxes as a way to raise funds for the sustenance of the economy and funds for the nation's...
Posted by J.R.'S TAX SERVICE on 03/08/2018
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
