You are currently operating a prosperous business. In exchange for your service, your clients provide you with the one thing every business needs to thrive: money. You may have begun earning so much money, and your firm may be expanding so rapidly, that it is necessary to hire someone to assist you ...

Gain received on the sale of capital assets are taxed at special rates or ordinary rates based on the holding period of the said asset. However important tax planning which was done by taxpayers was to sell the security for loss and buy it back again, this creates capital loss and it can offset the ...

What does FIRPTA mean for a Buyer? The Foreign Investment in Real Property Transfer Act (FIRPTA) requires any buyer of a U.S. real property interest to withhold 15% of the amount realized by a foreign seller. What is the purpose of FIRPTA? FIRPTA is a federal tax law that ensures that foreign seller...

Tax Deductions for the Self-Employed indeed come with attractive benefits. When you act as your own boss, there are myriad financial flexibilities that come with it. However, you also have the hassle to manage your tax liabilities optimally. You can effectively manage your expenses and reduce the bu...