U.S. citizens living overseas must still file federal tax returns if they meet IRS filing requirements, according to the Huffington Post. The strategies in this article can help to enlighten clients who are not aware of the potential U.S. expat tax issues they could face when moving abroad READ MORE NOWDetails
A person who is responsible for the administration of property owned by others. Corporate management is a FIDUCIARY with respect to corporate ASSETS which are beneficially owned by the stockholders and CREDITORS. Similarly, a TRUSTEE is the fiduciary of a TRUST and partners owe fiduciary responsibility to each other and to their creditors.
Nine factors are looked at in distinguishing between a hobby and a business activity. They are: 1. How you execute the activity 2. Your level of expertise 3. How much time and effort you put into the activity 4. The amount of occasional profits, if any 5. Whether or not you think the assets used…Details
On June 2, 2016 RotenbergMeril came together as a team to Tackle Kids Cancer at the Meadowlands Racetrack in East Rutherford NJ. We were one of about 30 teams who raised in the neighborhood of $15,000.00. As you can see by the photos a great time was had by all while contributing to a worthy cause.…Details
The IRS has issued a warning to taxpayers about bogus phone calls from people impersonating agency employees who demand payment for a non-existent tax that is referred to as the “Federal Student Tax.” (IR 2016-81) While the filing deadline has passed, scammers continue to use varied strategies to trick people, IRS said, adding that, in this…Details
The maximum credit is 50 percent of premiums paid for small business employers and 35 percent of premiums paid for small tax-exempt employers. To be eligible for the credit, you must pay premiums on behalf of employees enrolled in a qualified health plan offered through a Small Business Health Options Program Marketplace, or qualify for…Details
Memorial Day Facts: Memorial Day originally honored military personnel who died in the Civil War (1861-1865). Roughly 620,000 Americans died in the Civil War — making it the deadliest war in American history. About 644,000 Americans have died in all other conflicts combined.