September 21, 2021 - Pass-through entity tax allows an entity to pay taxes directly at the entity level on behalf of members, partners, andβ¦
Gloria McDonnell, CPA
Recent Posts
UPDATED: May 1, 2020 - 11:44 a.m. On April 30, 2020, the IRS issued Notice 2020-32 which provides guidance regarding the deductibility of expensesβ¦
UPDATED: April 13, 2020 - 11:30 a.m. On Friday, April 10, 2020, the IRS issued additional guidance regarding the deferral of payroll tax availableβ¦
By
Gloria McDonnell, CPA
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19 November 2018
November 10, 2021 β Residency is important because residents of Minnesota are taxed on worldwide incomeβno matter if it's earned overseas or inβ¦
November 13, 2018 β Whether one makes payments to foreign individuals or foreign businesses, there are specific tax rules that one needs to consider.
October 4, 2018 βOne of the more common international reporting requirements is a Form 5471, Information Return of U.S. Persons with Respect toβ¦
June 19, 2018 β Can you itemize, or will you be claiming your new standard deduction? Once you understand the levers available, youβll know whichβ¦
June 13, 2018 β The IRS has offered penalty and filing relief to many subject to the new transition tax on foreign earnings. They recently updatedβ¦
June 13, 2018 β Do you want to be able to deduct business expenses? Take the right steps to ensure your business will not be deemed a hobby by aβ¦
May 24, 2018 β Late last year, Congress passed and President Trump signed into law the most comprehensive tax reform package since the 1986 Act.β¦
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