In today's economy, many U.S. citizens and residents invest in foreign assets, open overseas bank accounts, or conduct business abroad. While these international opportunities can be lucrative, they also come…
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If you’re a foreign investor or a U.S. buyer involved in the sale of real estate properties in the U.S., particularly in high-demand areas like Manhattan, you’ve likely encountered FIRPTA—the…
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The Corporate Transparency Act (CTA) went into effect on January 1, 2024, impacting millions of small businesses across the United States. Designed to combat illicit activities such as tax fraud,…
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As the end of the tax year approaches, it's essential to take proactive steps to minimize your tax liability and potentially save on your tax bill. This year-end tax planning…
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This guide provides an overview of the latest legislative changes that could impact your return and tax preparation tips to help you get the most out of your 2022 tax…
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Most companies operate as pass-through entities. Under a pass-through entity structure, tax authorities don't tax the owner's earnings at the business level. Instead, owners and shareholders pay the taxes at…
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The Committee for a Responsible Federal Budget is an independent, non-profit, and bipartisan organization that scrutinizes federal budgets and fiscal plans. When it examined President Biden’s tax plans, the Committee…
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There's nothing typical about tax planning in 2020. COVID-19 and the economic fallout are only the beginning. Even without a pandemic, recent developments such as the Setting Every Community Up…
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Many accountants and tax consultants recommend business owners who received Paycheck Protection Program (PPP) relief loans to hold off completing their forgiveness forms. Already, the rules about which loans qualify…
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A certified public accountant, commonly referred to as a CPA, is a professional accountant who has passed the CPA exam in one or more U.S. states. CPAs must also meet requirements related…
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