Many U.S. businesses get their funding from local banks or private U.S. investors. Sometimes, however, there is an opportunity to get financing from abroad on more […]
Internal revenue code section 1(g) taxes unearned children’s income as if it belonged to the parents. This is known as the Kiddie tax. This income is […]
Tax season has now arrived, and taxpayers are hurrying to get their returns completed in time. However, for those who receive Form 1099, they need to […]
Time is running out to take advantage of the liberal estate and gift tax exemptions of 2012. Currently, the exemption amount is $5.12 million for both […]
Once again, tax season is upon us and the IRS has issued the annual “dirty dozen” tax scams. Topping this year’s list is identity theft. In response […]
Contributing money and property to a charitable organization is one of the ways that a taxpayer can support a charitable cause while simultaneously reducing their income […]
The IRS has issued a new notice which offers guidance regarding the deductibility of contributions made to a single member LLC that is wholly-owned by a […]