As has become customary, the President and the Vice President have released their recently-filed tax returns. You can find these tax returns on the White House blog by doing a search for "tax returns." An interesting thing to note is that Vice President Biden remains stuck in the Alternative Minimum Tax, as he has been for at least the past several years. As we have been discussing in recent articles, the combination of the AMT exemption...more
For the average taxpayer or small business owner, keeping up with changes in the taxation rules is outside the scope of their expertise or interest. That is why most people opt for Accountants to prepare their tax returns, but by not paying attention to the expenses incurred in earning income throughout the year, dollars can be lost from savings by not claiming all legitimate tax deductions. Basically, any expense incurred in creating income...more
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Most years, an S corporation does not pay federal or state corporation income taxes. Rather, shareholders pay the taxes on their respective slices of the S corp's profit. An S corporation that has been taxed as a C corp, however, can get hit with...more
Whenever matters of personal finance, investments, and corporate dealings discover their way towards the worldwide stage, a certified, an expert Orlando tax attorney ought to be within the thick of it. Regardless of whether fighting trademark and...more
The NFL requires the Wonderlic test for all would be draftees to establish a baseline of intelligence. Like any employer, the NFL needs to know the intellectual caliber of their players, and the standardization that the Wonderlic provides makes it...more
Taxation issues are some of the most important factors that you need to consider when you are traveling to or from the UK. Different countries have got different laws and policies when it comes to tax issues. The UK is not an exception. Within...more
After serious negotiations, National Football League 2010 second draft pick Ndamukong Suh is now an official member of the Detroit Lions. Suh has agreed to play for the Lions in the next NFL season and signed a five-year $60 million rookie contract....more
Above all, see your tax advisor. If you have a like-kind exchange in mind as the year winds down or seemingly can't pull one off as another year begins, then it is a good idea to keep this potential for tax deferral in mind. You will definitely want...more