The United States Department of Treasury has issued a news release today regarding the FATCA FFI Agreement. Click here to access the FFI Agreement that foreign financial institutions must use.If you have any questions, call our office at our office.
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Month: October 2013
FATCA News & Information
The United States Department of Treasury has issued a news release today regarding the FATCA FFI Agreement. Click here to access the FFI Agreement that foreign financial institutions must use.If you have any questions, call our office at our office.
Taxing of online sales controversy appealed to U.S. Supreme Court
With practically no guidance being provided by Congress, courts have been trying cases regarding the application of sales tax to online retailers like Amazon.com, Inc. Unfortunately, not all state rulings have been consistent.One state court ruled that Amazon and...
Don’t miss the Premium Tax Credit available to Health Insurance Marketplace participants!
With so much news about implementation of the new health care law, a tax credit benefit may be overlooked by some qualified participants. Starting in 2014, if you get your health insurance coverage through the Health Insurance Marketplace, you may be eligible for the...
California based Twitter makes plans to sidestep the IRS
Even though California based Twitter hasn't made any money this year, it is doing some major tax planning. Just as Apple and Facebook have made moves to sidestep the IRS, Twitter is taking steps to move out of the country to save on taxes. These plans are being made...
2014 Tax Season to Start Later Following Government Closure
The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing systems following the 16-day federal government closure.The IRS is exploring options...
Estate Planning Awareness Week
The Financial Awareness Foundation is celebrating the 5th Annual Estate Planning Awareness Week October 21 through 27. According to the Foundation's website, it is estimated that over 120 million Americans do not have an up-to-date estate plan to protect themselves,...
California’s New Employment Credit
The New Employment Credit (NEC) is available for each taxable year beginning on or after January 1, 2014, and before January 1, 2021, to a qualified taxpayer employer that hires a qualified full-time employee on or after January 1, 2014, and pays or incurs qualified...
Bartering goods and services? You may owe tax!
Sometimes a client cannot pay their bill. When this happens, some business owners will look to the goods or services provided by the client in her business, to see if a trade can be made to satisfy the debt. While most business owners would rather be paid for services...
Estate Plan for an 18 Year Old?
It may not initially make sense for an 18 year old to need an estate plan since most do not have assets about which to be concerned. However, in most states, an 18 year old is an adult in the eyes of the law, with legal rights relating to privacy and decision making....
