It is important to explain why I work so passionately for the tax community worldwide. What would motivate a person to work seven days a week for years on TaxConnections is a story worth learning. For those of you who know me through my executive search practice, you know firsthand my client list demands a lot from me. It is the lessons learned working with multinational corporations, law firms, public accounting and independent tax services firms that taught me about the lives of those in the tax profession. The knowledge gained counseling tax professionals over many years placed me in the unique position of being able to provide valuable solutions for the tax profession.
Archive for TaxConnections
Remember all that excitement around the Surface Transportation and Veterans Health Care Choice Improvement Act? Yes, I bet you do! We talked about it here. So it is here- the new FinCEN Form 114 (aka FBAR) filing deadline!
Tax Professionals are moving into the world of Virtual Offices. Every day tax professionals in corporations, law firms, public accounting firms, independent tax services and financial wealth planning firms are moving into Virtual Offices. The benefits for tax professionals are many including reduced overhead, better access to deeply discounted resources, free applications and longer free trials. Every TaxConnections Virtual Office provides curated resources that save our members – time and money.
Tax professionals can verify the success of TaxConnections in promoting their personal brands by looking on Amazon’s famous Alexa Rankings. We are often asked about our site statistics and what better way to prove it than Alexa. Our members are getting seen and retained by clients all over the world. With many other sites blocking potential clients from reaching you, TaxConnections ensures that a steady stream of prospective new clients reach you.
Building the first Virtual Offices in the world for TaxConnections members and bringing them to life has been very exciting. The opportunity to advance the professional lives of our tax, accounting, finance and legal members by providing them all the tools they need to operate in the cloud is now a reality.
TaxConnections Tax Blogs has be ranked as one of the top 100 tax blogs in the world. Feedspot gathered he list using search and social metrics. We have been blessed by all those who have decided to write content for us in the past. At TaxConnections, it is our goal to distribute current news and updated information to our members worldwide.
H.R. 22, Fixing America’s Surface Transportation Act (FAST Act), includes amendments to the tax code that would allow authorities to revoke or deny the passport of any U.S. taxpayer who has unpaid taxes in excess of $50,000 or who have not obtained or won’t provide a Social Security numbers which was signed by President Obama on December 4, 2015. It now gives the U.S. government the right to revoke or deny the passports of U.S. persons who owe more than $50,000 in federal taxes (including penalties and interest) effective on January 1, 2016.
Every day we bring the future to the tax profession today! TaxConnections is dedicated to improving the lives of tax professionals, tax lawyers, tax accountants, tax consultants, financial tax planners, and the extraordinary professionals who support them. While the tax season is underway, we have been busy helping our community save two valuable resources – time and money.
For the information of our members, and per your request, I have reproduced a copy of a House Ways and Means Committee press release that outlines the proposal of the House Republicans in some detail in TaxConnections Tax Blogs. At this point in time, I don’t know how many Republican Members of Ways and Means and/or of the House will support that proposal until details of the President’s tax proposal is announced and studied.
A CFC is a foreign corporation where a U.S. shareholder owns “more than” 50% of the offshore company. Practitioners quickly noted the 50% ownership requirement and correctly deduced that, if a non-U.S. shareholder owned the remaining 50%, the foreign corporation could escape being a CFC.