Learn how you can have your single-member LLC be taxed as an S corporation. The default federal tax status for a single-member limited liability company (...

A controlled foreign corporation (CFC) is a corporate entity that is registered and conducts business in a different jurisdiction or country than the resi...

A duplex is a multi-family home that has two units in one building — regardless of how those homes are arranged. Units can be side-by-side or stacked on t...

The user fee for Form 1023 is $600. The user fee for Form 1023-EZ is $275. The user fees must be paid through Pay.gov when the application is filed. Does ...

As a general rule, if you’re planning to claim the standard deduction, there’s really no reason to hire someone to prepare your tax return. Now if you’re ...

In either case, it is the employer (“petitioning employer”) that submits the visa application. For both L1-A and L1-B, the employee must have worked for t...

In view of the large cases of ITRs being filed without payment of self assessment tax, the Finance Act, 2013 has inserted a new clause (aa) to the said ex...

A person is disabled under the Act if they can’t work due to a severe medical condition that has lasted, or is expected to last, at least one year or resu...

Islands can be sold in two different ways. A freehold island, which is much more common in the Caribbean, North America, and Europe, can be bought outrigh...

This doesn’t make the 1099 invalid, it just makes more work for the executor. As discussed in the article Track the Estate Income, the executor will have ...