Taxes
Substantiation of Charitable Contributions
The documentation requirements taxpayers must maintain in order to take a charitable contribution deduction on their tax return have been in place…
The Basics to Know About Foreign Tax Credits
1. Foreign Taxes Paid by a US Company Conducting Business Activities Directly in a Foreign Country or through a Foreign…
Jurisdiction to Tax Income Earned in a Foreign Country
If a U.S. company performs a contract, provides services or does some type of work directly in a foreign country…
Affordable Care Act-Required MLR Rebates Have Started to Arrive
As a result of the Affordable Care Act (ACA), some employers that sponsor group health plans have begun receiving Medical…
IRS Proposal to Clarify Treatment of Expense Reimbursements Should be Considered by Construction Contractors
Summary of Proposed Regulation: On August 1, 2012, the IRS released a proposed rule to clarify the limitations applied to…
International Tax Series: Know the Basics of Entity Classification and Check-the-Box when Forming or Acquiring a Foreign Company
A U.S. person who plans to form or acquire an ownership interest in a foreign company should be aware of…
Employee or Independent Contractor? That’s the Question in California and Everywhere Else
A business owner’s hiring of a worker as an employee has real costs beyond the wages paid to the employee….
Section 83(b) Election: Standardization Realized
What is it? What’s new? And how do you make it work for you? By Mitchell Kopelman, partner-in-charge of Tax,…
ABC Suggests Several Changes on the 3% Withholding Tax
The 3% Withholding Tax is a proposed tax that will be levied against all payments for goods or services from…
The Home Office Deduction: Nothing Personal But Exclusive Use Means Exclusive Use!
While it is a common practice for sole proprietors to run their business out of a personal residence, that does…