If you are thinking of setting up a United States Limited Liability Company, are you aware of the tax implications of doing this under Federal tax code? Don’t make the mistake of projecting the concepts of a New Zealand Limited Liability Company on to a United...
The professional conduct of paid US tax return preparers is heavily regulated under the Internal Revenue Code. It is timely to note that return preparers cannot, under any circumstances, negotiate or cash a taxpayer’s tax refund check. Even authorization to...
One more tip… If you are determining whether you even need to file a return for 2010, you must include earned income in determining whether you are over the threshold and need to file. This is irrespective of whether you qualify to back out the income using the...
We’ve been filed many thousands of US tax returns over the years and have some helpful tips to share. 1. US citizens and residents outside the US who avail of the automatic two-month extension need to attach a statement explaining this when filing by the due...
Just a reminder that if you are a US person with interests in any of the following entities: * trusts created outside the US, into which you have transferred assets, or * companies formed outside the US, of which you are a 10% or greater shareholder, or *...
