whether a cost segregation study should be done this year or next. a million other ideas. Comprehensive tax planning is commonly done when there are decisions to be made as compared to our Streamlined and Pro-active tax planning which are more “after the fact” or reactionary. Help me decid...
Don't overpay taxes by overlooking these tax deductions. See the 10 most common deductions taxpayers miss on their tax returns so you can keep more money in your pocket.
For example, when you fill out your tax return this year you may encounter a new tax credit that allows you to reduce your tax bill for the year. This new tax credit is a tax break that the federal government has approved. The motivation for issuing tax breaks is commonly to stimulate ...
Private annuity contracts involve the exchange of appreciated assets, such as stock or cash realized from the sale of a business or property, to a foreign company in return for a future income stream. The periodic payments, more commonly referred to as annuity payments, are made to the 'Annui...
It’s also Tax Day for most of the states that collect income taxes from their residents, which is most of the states! If that seems too far away right now, don’t worry. As is the case every tax season, the ol' blog’s monthly tips and reminders a little farther down this column...
Fees for services are assessed on a wide variety of things. The most commonly used ones are airline tickets, rental cars, hotel rooms, toll roads, and licenses. These taxes are also considered to be regressive taxes since they are the same for everyone, regardless of the amount of income ...
This is the case across the international tax, trade, and investment regimes: In tax and investment regimes, multinational enterprises engage in treaty shopping to gain the advantage of a more favourable treaty that a country of destination of investment has signed with a third country. In the ...
This tax offer is made to persons who expatriate from the United States. I mention this because, the term “expat,” commonly referrers to US persons living outside of the United States. Here, the term expatriate means someone who has gone through the process of renouncing his or her US...
most don’t. Ask about the practitioner’s specialty before you make an appointment. These tax professionals might be a good choice if you have a very complex tax situation, or if you need tax advice because planning for the future is just as important to you as tax return preparat...
WCG offers a lot more than just a tax return. Tax returns are boring. Most CPAs are boring and are not forward-thinkers. Tax planning strategies are commonly addressed in December as small business owners and other taxpayers start to freak out about bringing in the New Year. However, tax ...