What the New Reporting Regulations Mean to Foreign Owners of US LLC’s
By now, you’re probably familiar with FATCA… similar to the OECD’s Common Reporting Standards (CRS),
Yearly Archives: 2016
Education Costs: Using them for your benefit
Sending yourself, your spouse or one of your children to college can be very expensive. Having to pay for books, tuition, meal plans and housing can take a toll on bank accounts.
New Jersey/Pennsylvania Reciprocal Tax Agreement Will Continue
On November 22, 2016, NJ Governor Christie announced he has opted to keep the NJ/PA reciprocal tax agreement in place.
Tax Considerations Regarding Crowdfunding
Crowdfunding has increasingly gained popularity among entrepreneurs as more individuals and businesses comprehend the value derived from an early introduction of their products to the market.
Death and Taxes
As Benjamin Franklin once said, “Nothing is certain but death and taxes” so it makes sense to discuss how these two issues are intertwined with each other.
Using the Installment Sale Method to Reduce Your Tax Liability
Making a profit when selling a piece of property should be a really good thing.
BLS Update: New Jersey Governor Christie Announces End of PA/NJ Reciprocity Agreement
On September 5, 2016, New Jersey Governor Chris Christie announced that, effective 1/1/2017, New Jersey is unilaterally terminating the state’s reciprocity agreement with Pennsylvania.
Estimated Payments: The Cash Conundrum for the Self-Employed
If you are self-employed, you probably spent some time in your career working as an employee for someone else.
Canceled Debt – The Business Effect
As a general rule, an individual taxpayer who is not considered insolvent or in bankruptcy may have to treat cancelled debt unrelated to their personal home as taxable income.
New Diversification Requirements for Captive Insurance Companies
Last December when Congress passed the Protecting Americans from Tax Hikes Act of 2015, or PATH Act as it is more commonly known, many tax provisions were impacted.