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DISCLAIMER: Any bookkeeping, business or tax article contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor can it be used to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.
First things first, what is an Inherited IRA? An inherited IRA is an account that is conceived …
The Top 3 Bookkeeping Applications for Small Businesses The benefit of on-the-shelf accounting and bookkeeping software …
FBAR stands for “Report of Foreign Bank and Financial Accounts.” The US gave its Department of Treasury …
What is the US-CANADA Tax Treaty? The current Canada-United States Income Tax Agreement was first established in …
With hurricane season in full swing, now is a good time to create or review emergency preparedness …
It’s never too late to start, but the sooner you begin saving, the more time your money …
While the Net Investment Income Tax (NIIT) tends to affect wealthier individuals most often, in certain circumstances, …
Hobby activities are a source of income for many taxpayers. For instance, during the pandemic many people …
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that …
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