TaxConnections

Ask Tax Question

Answered Questions
(Clear)

Do Most States Currently Offer Movie Production Tax Incentives?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, most states currently offer Movie Production Incentives (hereinafter “MPIs”). MPIs are tax benefits offered on a state-by-state basis throughout the United States to entice, as applicable, in-state film...   Read More
Can A Real Estate Investment Trust ("REIT") Benefit From A Cost Segregation Analysis?
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
What Are The Primary Differences Between A Cost Segregation Engagement And A Construction Tax Planning Engagement?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

There are many noteworthy differences between a Cost Segregation Engagement and a Construction Tax Planning Engagement. A Cost Segregation Engagement will methodically review property, plant and equipment and...   Read More
Does The United States Have A Tax Incentives Program Geared Towards Rehabilitating Older Building Structures?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, the Historic Preservation Tax Incentives Program jointly administered by the National Park Service and the State Historic Preservation Offices is the nation’s most effective Federal-level program to promote...   Read More
Can Someone Please Provide A Status Update From Capitol Hill On The Tax Extenders Package?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

The Broad Tax Extenders Coalition (hereinafter “the Coalition”) are recommending to lawmakers on Capitol Hill to take immediate action on over fifty tax provisions that previously expired on December 31st of...   Read More
I Live In California And Will Begin Working In Oregon. How Will Taxes Work, Will I Need To Pay In Both States Federal And State?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

You will owe taxes as a non-resident on your income earned on Oregon. You will also report it on your California return, but will receive a credit from CA for taxes paid to OR.   Read More
0 0 New Job
If A US Citizen Starts A Business In A Foreign Country And Pays Taxes To That Country, Does The Earnings From That Started Entity Have To...
User Photo Robert Ferguson
Tax Professional Level: Tax Enthusiast

Yes. There is no exception as to where the income is made as US Citizens are responsible for reporting their income no matter where it is earned. Whether or not tax is owed is another matter and can only be...   Read More
Client Filed An LLC Return For 2011. Tax Preparer Filed With Incorrect Information About The Business And Incorrect Amounts Throughout The...
User Photo Robert Ferguson
Tax Professional Level: Tax Enthusiast

If information was incorrect on the original 2011 return, a new amended 2011 return should be filed with the correct information. After the 2011 return is filed new 1040s may need to be filed for the partners...   Read More
Does A Foreign Member Of An US LLC, Which Receive All Of Its Income From Foreign Sources, Needs To Report Its Income In The US?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Since it is a US LLC, it must report its income in the US. That income is considered effectively connected US income and is subject to income tax. Most likely, the LLC will be required to withhold tax from the...   Read More
Individual - Closed Partnership With $203,000 Ending Capital. I Did Not Do The 1065. Withdrew Bare Land. Then Did 1031 Exchange For 4...
User Photo Jorge Otoya
Tax Professional Level: Tax Enthusiast

Assuming that the land was a capital or 1231 asset; that it was the only property distributed; and that section 751 does not apply to the distribution...then generally the land would take a basis equal to your...   Read More


Meet Leading Tax Advisors

User Photo Kathryn Morgan

Bossier City, Louisiana, USA

Enrolled Agent, Master Tax Advisor

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

User Photo Steven Potts JD EA IAR

Fullerton, California, USA

Principal

User Photo Devon McCarthy FCCA, EA

Sanford, Florida, USA

President

User Photo Caran Ebert, CPA

Topanga, California, USA

Tax Advisor

User Photo Lisa Nason CPA, MST

Greenville, South Carolina, USA

Managing Shareholder

User Photo Gary Carter, PhD, MT, CPA

Edina, Minnesota, USA

President

User Photo NEERAJ BHATIA, CPA

Santa Clara, California, USA

Tax Principal - President

User Photo Bill Robinson, CPA

Chattanooga, Tennessee, USA

Owner

User Photo Hugo Van Zyl

Stellenbosch, South Africa

Exchange Control & Master Tax Practitioner (SA)

User Photo Douglas Stransky

Boston, Massachusetts, USA

Tax Partner, International Tax

User Photo Larry Stolberg, CPA, CA

Toronto Mississauga Oakville Burlington Hamilton, Canada

Tax Specialist

User Photo Dr. Daniel Erasmus

West Palm Beach, Florida, USA

Managing Partner/EMEA

User Photo Jorge Otoya

Cleveland, Ohio, USA

President

User Photo Kat Jennings CEO

La Jolla, California, USA

Founder/TaxConnections CEO

User Photo Mary Beth Lougen EA USTCP

Virginia, USA

President and Founder

User Photo Darren Sanford

Memphis, Tennessee, USA

CPA

User Photo Barry Fowler

Houston, Texas, USA

President

User Photo Kelly Estep

Vancouver, Washington, USA

Owner

User Photo James Sutton, CPA, Esq

Tampa, Florida, USA

Florida Sales Tax Attorney

User Photo Cecilia Scutaru Andor

Charleroi , USA

Tax Preparer / Notary / Signing Agent

User Photo Bernice Brightbill

Los Angeles, California, USA

singer

User Photo JEANIE PITNER

Battle Ground, Washington, USA

Owner

User Photo David Gadberry

Houston, Texas, USA

Tax manager

User Photo Howard Liebman

Brussels, Belgium

Partner

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Log into Tax Connections

Not a member?    Register Now For a Free Account
I've forgotten my password
Contact Us Today