Many foreign investors are unaware of the complexity of tax traps that apply to a Foreign Owned Disregarded Entity (FODE) when they form a Limited Liability Company (LLC) in the U.S.
By performing a Roth IRA conversion, the taxpayers are allowed to move the money from a traditional IRA or a qualified retirement plan to a Roth IRA, paying income tax on the amount converted at prese
Starting in 2025, the One Big Beautiful Bill ushers in a major change for taxpayers by expanding the State and Local Tax (SALT) deduction.
Millions of senior citizens in the United States will benefit from historic tax relief on their Social Security benefits after the passage of “One Big Beautiful Bill,” dubbed OBBBA.
Are you an S Corporation owner? You must learn how to deduct health insurance premiums and why deducting these premiums is so important for your company.
Many taxpayers are shocked to learn that even though gifts are generally not taxable to the recipient, certain foreign gifts must still be reported to the IRS.
