What Is FIRPTA Withholding?
In the United States, real estate transactions involve a certain level of taxes. In most cases, American citizens who sell their property will have...
Insights: tax
Treasury Issues Final Foreign Tax Credit Regulations
The Department of the Treasury and the Internal Revenue Service on December 28, 2021 released final regulations on the foreign tax credit (FTC) for...
A Step-by-Step Guide to Preparing for an IRS Audit
Receiving a tax audit notice from the IRS comes with mixed emotions, especially when it's your first time. It's normal to feel terrified because you...
Six Key Tax Breaks that Homeowners May Be Able to Claim
The days of classic "tax shelters"— such as cattle breeding or oil drilling deals — are long gone. But at least one major tax shelter is still...
Tax legislation in the reconciliation bill News
After almost 40 hours of debate over four days, the House Ways and Means Committee on September 15 approved a tax package that would increase rates...
Global taxes and international investments
Today, you can invest anywhere without stress because of globalization! International and local investing are suitable for particular situations. So,...
CAA Offers Tax Breaks for Manufacturers
The Consolidated Appropriations Act (CAA) — the massive spending package passed in December 2020 — includes many provisions designed to help small...
The Tax Implications of Closing a Schedule C Business
Unfortunately, many businesses have already been forced to close their doors due to the economic fallout from COVID-19, and more will surely follow....
Appropriations Law Adds Some Business Tax Breaks and Extends Others
President Trump signed the Consolidated Appropriations Act (CAA) into law on December 27, 2020. The legislation adds a few new tax breaks for...