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What Are The Primary Differences Between A Cost Segregation Analysis And A Construction Tax Planning Analysis?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

There are many noteworthy differences between the scope and application of a Cost Segregation analysis and a Construction Tax Planning analysis. The scope of a Cost Segregation analysis will methodically review...   Read More
Can A Real Estate Investment Trust ("REIT") Benefit From A Cost Segregation Study?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, a Real Estate Investment Trust (hereinafter "REIT") can potentially benefit from a cost segregation analysis. I would wholeheartedly recommend scoping the cost segregation opportunities on a property by...   Read More
User Photo Manasa Nadig
Tax Professional Level: Tax Enthusiast

When you as a US Citizen, receive more than USD 100,000 gift/ bequest/ inheritance from a non-US citizen individual or estate, you are required to report that on Form 3520 to be filed along with your tax return...   Read More
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Probably not. The California FTB statute of limitations for refunds is four years after the original due date of the return. The 2011 return was due April, 2012. So the statute of limitations ran out on 2011...   Read More
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Unfortunately, you must have a positive earned income in order to get the earned income tax credit. There are no exceptions to this, so you are just caught in a bad situation in regard to the EITC.   Read More
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Federal law states that any estate with gross income of more than $600 must file a return. However, since you mom passed in 2010, she (or her estate) cannot inherit any property. When she died, any right to receive...   Read More
0 0 Form 1041
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

On May 5th, the Internal Revenue Service (hereinafter the “Service”) issued Rev. Proc. 2016-29, which outlines automatic accounting method changes and provides administrative procedures for electing them....   Read More
User Photo Manasa Nadig
Tax Professional Level: Tax Enthusiast

The US taxation rules are based on Citizen Based Taxation or CBT. So the answer to this question is "Yes, a US Citizen has to file US Tax Returns even if living out of the country". One can take the Foreign Earned...   Read More
User Photo Benjamin (David) Goldberg, EA
Tax Professional Level: Tax Enthusiast

The answer is that it depends upon the state in which you perform, and how that state treats the taxation of non-residents who have earnings from a source within that state.   Read More
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User Photo Kathryn Morgan

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Managing Shareholder

User Photo Gary Carter, PhD, MT, CPA

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User Photo Bill Robinson, CPA

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Owner

User Photo Hugo Van Zyl

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Exchange Control & Master Tax Practitioner (SA)

User Photo Douglas Stransky

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Tax Partner, International Tax

User Photo Larry Stolberg, CPA, CA

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User Photo Gerald Nordland

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User Photo Jorge Otoya

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