Because the general rule is that income is taxed where it is earned. For example: Tracy Mcgrady (one of the greatest basketball players of all time - a possible future of Hall of Famer). Think about all the times he…
Generally three main items get deducted from your check: - Social Security at 6.2% - Medicare at 1.45% - Federal withholding depending on your tax bracket. So let’s just say someone’s hourly salary is at $10 working 40 hours a…
March 15th, 2015 is the typical deadline for filing Corporate tax returns (1120 and 1120S) and April 15th, 2015 Partnership Returns (1065) assuming you are on a calendar year. If the deadline falls on a Saturday, Sunday or a legal…
So these few questions I get quite often when a couple decides to move into a new house or few investors want to buy rental properties. They want to know what should be done with the rental property. To put…
If you are a U.S. Person for tax purposes, and let's say you own a Foreign bank account with interest income, you MUST include your Foreign Bank account income even if it is ONE Dollar. So regardless if you earn…
