The son of Prince Harry and Meghan Markle is seventh in line to the British throne, but because his mother in American, the young prince is automatically a dual citizen and he will...
It´s about The Entity! As the Tax Cuts and Jobs Act of 2017 mature tax prepares are becoming very adept at steering their clients through its complexities. The most important question for small...
by Fulton Abraham Sanchez, CPA · Published July 4, 2019 · Last modified July 9, 2019
ODDS It seems that one of the thing Americans fear the most, is an IRS audit, and understandably so. Despite the universal fear, audit numbers are down to an all-time low. According AccountingToday, More...
Subpart F If you are involved in a Controlled Foreign Corporation (CFC), then Subpart F is problematic and it is precautious to consult with an international tax lawyer to analyze your situation and to...
by Fulton Abraham Sanchez, CPA · Published July 4, 2019 · Last modified July 5, 2019
According to the IRS, Americans cheated the government out of more than $ 400 billion last year; put differently, one out of every six dollars payable to the IRS is lost. The amount lost...
Since assets are never taxed before you sell it, it makes sense to use some of your cryptocurrency as collateral to borrow cash. This way you gain liquidity without incurring a current tax bill. ...
By now word is out: if you make a profit when you sell cryptocurrency, your profits are taxable. According an article of Accounting Today To actually pay your taxes is easier said than done...
What is at Stake? The IRS does not give a clear answer to the question whether a ‘rental real estate operation’-enterprise is a “trade or business” for purposes of Section 199A of the Internal...
by Fulton Abraham Sanchez, CPA · Published July 3, 2019 · Last modified July 5, 2019
The Tax Cuts and Jobs Act brings some excellent news to nonresident aliens who want to (indirectly) own S corp shares. Nonresidents Aliens Not a U.S. Citizen Not a resident alien Lawful...
by Fulton Abraham Sanchez, CPA · Published June 3, 2019 · Last modified July 18, 2019
The IRS wants to make it as easy as possible for you to pay your taxes even if you are struggling to pay it in full on the due date. The agency, for example,...
