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Archive for TaxConnections

Free Business Mileage App For Tax Professionals – MileIQ From Microsoft

MileIQ

Are you a business professional who has to gather all your miles to expense for your job? Do you actually have the time to record all the mileage you traveled with your busy schedule?

MileIQ was created in order to alleviate the problems associated with tracking business travel. 55 million U.S. workers have the ability to expense the miles they drive. Using MileIQ comes with features that make it extreme user friendly. Some of these features include:

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Free Business Mileage App For Tax Professionals – MileIQ From Microsoft

mile-iq

Are you a business professional who has to gather all your miles to expense for your job? Do you actually have the time to record all the mileage you traveled with your busy schedule?

MileIQ was created in order to alleviate the problems associated with tracking business travel. 55 million U.S. workers have the ability to expense the miles they drive. Using MileIQ comes with features that make it extreme user friendly. Some of these features include:

Read more

When Is A Corporation Not A Corporation?

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Most taxpayers are aware that an organization must submit papers to a state official, usually the Secretary of State in order to obtain a corporate charter and file an 1120 tax form as a corporation. However, one must meet all the IRS requirements for corporate status in order to file as a corporation.

First, some background.  In founding a Limited Liability Company (LLC) the taxpayer must file with the appropriate state official and receive its charter as an LLC. Read more

Types Of Charitable Contributions And The Most Common Way A Charitable Contribution Can Be Made

john r dundon

While working on the St. Peter 2016/17 Stewardship Campaign it became very clear to me that some very smart endowed good people simply do not know about the various types of charitable contributions that can be created or even simply how to charitably give.

Once you’ve recognized the significance of giving back, you may as well achieve some immediate tax benefits in the process. It all starts with understanding the terminology. Read more

Is Form 8938 Required By “Green Card Holders” Who Are Nonresidents By “Treaty Tie Breaker”?

John Ricahrdson

The context: Form 8938 was created by the IRS to meet the reporting requirements mandated by Internal Revenue Code S. 6038D. S. 6038D was mandated by S. 511 of the HIRE Act.

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TaxConnections Worldwide Tax Blogs Honors Ronald Marini

Kat Jennings

Every week, until the end of the year, we will be celebrating one of our top writers on TaxConnections.

This week we are honoring Ronald Marini.

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TaxConnections Worldwide Tax Blogs Honors Annette Nellen

k-j-6-7

Every week, until the end of the year, we will be celebrating one of our top writers on TaxConnections.

This week we are honoring Annette Nellen.

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Use Mile IQ To Track Business Traveling – Free Trial

MileIQ

Are you a business professional who has to gather all your miles to expense for your job? Do you actually have the time to record all the mileage you traveled with your busy schedule?

MileIQ was created in order to alleviate the problems associated with tracking business travel. 55 million U.S. workers have the ability to expense the miles they drive. Using MileIQ comes with features that make it extreme user friendly. Some of these features include:

Read more

TaxConnections Worldwide Tax Blogs Honors Larry Stolberg

K J 6.7

Every week, until the end of the year, we will be celebrating one of our top writers on TaxConnections.

This week we are honoring Larry Stolberg.

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Income From Business Or Property

Larry Stolberg

The taxation of corporate income from the rental of storage facilities appear to be a common business under regular review just like the motel/hotel and rental management business.

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September’s Tax Planning Seminar for CFCs in Philadelphia

Kat Jennings

September 19 is coming up fast. There’s not much time left to sign up for this Tax Planning Seminar.

Networking Seminars one day technical update on Tax Planning for CFCs under Subpart F Income. One of the purposes of Subpart F is to prevent CFCs from structuring transactions in a way that are designed to manipulate the inconsistencies between foreign and U.S. tax systems to inappropriately generate low or non-taxed income on which U.S. tax may be permanently deferred.

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TaxConnections Worldwide Tax Blogs Honors Harold Goedde

Kat Jennings

Every week, until the end of the year, we will be celebrating one of our top writers on TaxConnections.

This week we are honoring Harold Goedde.

Read more

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