...telecommunications, data processing, hosting and related services, custom computer programming services, computer system design, computer facilities management services, other computer related services, and computer training. “Life sciences” means the production...
...(of up to $2,000 per year). Miscellaneous Taxes Many temporary tax provisions were extended for 2013, including but not limited to the child tax credit, the earned income credit, the...
...as the United States moves closer to fully implementing in 2014 the Foreign Account Tax Compliance Act, which requires foreign financial institutions to help ensure that U.S. clients comply with...
...the economy no longer needs such stimulus. Extension of various tax extenders, including Child Tax Credit, Earned Income Tax Credit, American Opportunity Tax Credit, and renewable energy incentives. Stay tuned!...
...For The Possibility Of Estate Tax: The first “non-tax” recommendation is not to ignore the tax laws completely. Given the recent fluctuations in the estate tax exemption, it is wise...
...will let you take advantage of the exemptions: 1. Buy or transfer a life insurance policy: Consider transferring existing life insurance policies to an irrevocable life insurance trust (ILIT) for...
...to come into compliance. As we approach newer and more stringent laws like FATCA, the opportunities to come into compliance in the future may not be easily available. Hence, we...
...Ahuja invested the funds in these accounts in certificates of deposit, which earned more than $2.7 million in interest income from 2005 to 2009. He used credit and debit cards...
...Canadian ones. “Today we are announcing a series of common-sense steps to help U.S. citizens abroad get current with their tax obligations and resolve pension issues,” IRS Commissioner Doug Shulman...
...rather than sent separately to the Department of Treasury. Form 8621: Information Return for Passive Foreign Investment Company (PFIC) — If you own shares in a Passive Foreign Investment Company,...
...interest rate floor, commodity swap, equity swap, equity index swap, credit default swap or similar agreement with a foreign counterparty; An option or other derivative instrument with respect to any...
...January 9th, 2012, the IRS re-opened its Offshore Voluntary Disclosure Program (OVDP) to encourage US taxpayers with undisclosed offshore accounts to come into compliance. The 2012 Amnesty Program is in...
