TaxConnections


 

TaxConnections Executive Search – Tax Jobs Available!

Our executive search services division conducts highly specialized retained search for a sophisticated clientele. The tax opportunities listed below are some of the projects we currently have available and do not include all of our retained search projects. Many of the senior level searches we conduct are highly confidential and clients request absolute anonymity.

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TaxConnections Members Powerful Client Acquisition Edge

As the CEO of TaxConnections who has worked to build a site for the global tax community, I want to share facts published by Amazon on March 13, 2017. Amazon/Alexa Analytics prove we are surpassing every site including LinkedIn and Facebook on Pageviews and Time on Site (minutes).

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International FAQ #29 – Foreign Accrual Property Income

Grant Gilmour

What is Foreign Accrual Property Income (FAPI) and what affect does it have on my corporate taxes?

If you are a Canadian resident and own a foreign corporation that earns passive income, the income needs to be reported on your Canadian tax return even if you never received the funds. However, if the foreign corporation has a loss, the loss is not allowed to offset any other income you have for the year. Instead, the loss can be carried back three years against previous FAPI or forward 20 years against future FAPI.

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U.S. Expatriation – Tax Information When Renouncing

Larry Stolberg

Renunciation of U.S. citizenship is an expatriation event requiring the filing of IRS Form 8854 with your tax return for year of expatriation. Renunciation has a fee of US $2,350.

Renunciation is voluntary and requires an appointment for receiving a certificate of loss of nationality.

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U.S. Businesses Split On Border Tax

Ron Marini

U.S. corporations are going to war in Washington over a Republican “border adjustment” tax proposal meant to boost exports over imports, with lawmakers in Congress coming under pressure from some of the nation’s biggest employers. The political split that is opening, most pronounced in the narrowly divided Senate, could doom the proposal. If it dies, prospects for a thorough tax code reform, a top 2017 goal for Republicans, would be diminished.

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Reporting Business Mileage On Your Tax Return

MileIQ

We often talk about tracking your mileage and expenses for tax purposes. But, what are you supposed to do with it? Let’s go over the basics on reporting business mileage on your tax return.

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Amazon Rankings – TaxConnections Surpasses Major Tax Sites

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.

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What To Tell Clients About Tax Reform (Video)

Annette Nellen

The AICPA Tax Division has a nice tax reform resources website that includes comment letters and testimony from the AICPA and short update videos. I’ve got one there dated February 27 on what to tell your clients about tax reform. I hope you’ll check it out and that it helps give you some ideas of information to share with your clients to help them understand tax reform and the possible effects on them.

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How Much Can You Deduct For Donating Used Goods?

John Dundon

Without a doubt one of the best ways for us middle-class folks to reduce our income tax burden is to donate charitably with intent. Most of my clients find themselves pleasantly surprised at the tax benefits received when they go through the exercise of donating gently used household items to charity.

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Learn About The Tax And Business Climate Of Missouri

Monika Miles

This month we travel to the “Show Me” state of Missouri. The people of Missouri have earned their motto as the “Show Me” state for their very practical skepticism of the fads that sweep other parts of the country. This attitude manifests itself in the state government’s approach to business encouragement and regulation. So, let’s look at the state and see how their approach could help your business.

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IRS Investigators Raid Caterpillar Over Swiss Profits

Ron Marini

Caterpillar Inc., an American manufacturing icon, used a wholly owned Swiss affiliate to shift $8 billion in profits from the United States to Switzerland to take advantage of a special 4 to 6% corporate tax rate it negotiated with the Swiss government and defer or avoid paying $2.4 billion in U.S. taxes to date, a new report from Sen. Carl Levin, the chairman of the U.S. Senate Permanent Subcommittee on Investigations shows.

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April 4th – Captive Insurance For CPAs – Webinar

Hale Stewart

While captive insurance companies have been used by large companies for over 60 years, their use by small and medium sized companies is still in its infancy. There are numerous reason for this, but perhaps the most important is the simple lack of knowledge.

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