U.S. Citizens Residing in Canada Liable for AMT Based on Foreign Tax Credit Limitation (Jamieson, CA-DC) Married U.S. citizens residing in Canada were liable for the alternative minimum tax (AMT) because the amount of foreign tax credits they could claim was limited by Code Sec. 59(a)(2) (prior to repeal by…
The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us at 877-788-2937 for more information about any of these developments and what steps you should implement to…
Tax debt help Mike Habib, EA 877-788-2937 You’re going to need tax debt help if you’re one of the many taxpayers trying to contend with back taxes and tax debts amounting to more than $10,000. While there are people who believe that hiring a professional to help you resolve your…
Method Man Talks About Tax Evasion Arrest WATCH IT! The IRS might be looking for you fo rback taxes too!
Getting Tax Relief Help By Mike Habib, EA Even when you’re really careful about filing your income tax returns, something’s always bound to go wrong when you least expect it. It’s not uncommon to find even the most discerning and meticulous individuals and businesses to find themselves searching for tax…
The Correct “Process” for Correcting an employment Tax Return Mike Habib, EA Even the best of us can make a mistake on a quarterly Form 941 (or on a Form W-2, which often creates an error on the 941). The IRS has introduced a new form for correcting the dollar…
Interest expense deduction of foreign corporations Mike Habib, EA TD-9465, provides final regulations under section 882(c) of the Internal Revenue Code (Code) concerning the determination of the interest expense deduction of foreign corporations engaged in a trade or business within the United States. These final regulations conform the interest expense…
IRS Issues Guidance on 2009 Required Minimum Distribution Waiver Mike Habib, EA The Internal Revenue Service today provided guidance for retirement plan administrators, plan participants and retirees regarding recent legislation affecting required minimum distributions. The Worker, Retiree, and Employer Recovery Act of 2008 waives required minimum distributions for 2009 from…
Cash IS Taxable Law school grad turned call girl Cristina Warthen under house arrest after cheating the Government Source: NY Daily News Law school comes in handy when trying to evade taxes as a call girl, or at least that’s what one Stanford graduate seemed to think. Cristina Warthen –…
Tax Relief Services for Union Members We represent Union members before the IRS and their respective States in regards to tax matters such as back taxes, tax problem resolution, stopping wage garnishments, tax relief services, and IRS tax audits. If you are a Union member of any of the following…