Author: taxsecretsblog

In the dynamic world of startups, navigating uncharted waters is part of the game. As entrepreneurs, we're often so laser-focused on building the next big thing that we may overlook the importance of structuring advisory relationships with care. It's not uncommon for startups to be

Article Highlights: Taxation of Non-resident Aliens FDAP Income Effectively Connected Income Form 1040NR – Non-resident Tax Return Form 8233 - Tax Treaty Exemption from Social Security and Medicare Form I-9 - Employment Eligibility Verification Form W-4 – Employees Withholding Certificate Form W-7 - Application for

Article Highlights: Low Income Year Limitation on Tax Itemized Deduction State Income Tax Refund Social Security Taxes Deduction NOL Carryover Military Reservist Travel Expenses Child’s Private School Expenses Student-Loan Interest Home Energy Improvement Credit Home Solar Credit Clean Vehicle Credit Gambling Losses Live in a

Article Highlights: Accountable Plan Overcoming Tax Cuts and Jobs Act Limits Benefits From an Employers Point of View Benefits From an Employees Point of View IRS Criteria Basic Plan Wording Plan Customization As an employer or an employee one intricacy of tax laws and regulations

As the current 30-year mortgage rate hovers at 8%, and the 10-year treasury approaches 5%, it's crucial to understand the implications of rising interest rates on personal finances. Depending on your life stage and financial situation, these changes can bring both benefits and challenges. By

In the whirlwind world of entertainment, scoring tickets to hot events like Taylor Swift's highly anticipated Eras Tour can feel like striking gold. With demand soaring, some savvy individuals have seized the opportunity to turn concerts like Taylor’s into profitable ventures. However, what many may

Article Highlights: Home Energy Improvements & Tax Credits Home Energy Audit Annual Credit Limit Non-Refundable Credit Improvement Category Limits $1,200 Annual Credit limit Improvements $2,000 Annual Credit limit Improvements Energy Property Qualifications Have you been thinking of making home improvements? If so, and they include

Article Highlights: Donating unused vacation time, sick leave and personal time Employer’s Function Great Donation Opportunity As they have done before in the wake of disasters, including Hurricane Katrina, Superstorm Sandy, COVD-19, and Ukrainian relief, the Internal Revenue Service is allowing special contributions for Maui

The world-renowned Colombian singer and songwriter, Shakira, has once again found herself in the spotlight, but this time, it's not for her chart-topping hits or Grammy Award-winning performances. The pop sensation, age 46, has been charged with a second round of tax fraud crimes in

Article Highlights: 118th Congress SALT Deduction Limitations Deduction Background States Most Affected Pending Legislation Who Benefits from a Change Tax Foundation Statistics There is movement in the 118th (2023-2024) U.S. Congress, primarily the House of Representatives, which has three bills before it that would liberalize