New answers tagged

1 vote
Accepted

Tax requirements for LLC taxed as partnership all foreign members and non us sourced income

While an entity taxed as a corporation that is organized under U.S. law must file a tax return on IRS Form 1120 or the appropriate alternative form that applies to some specialized kinds of ...
user avatar
  • 130k
1 vote
Accepted

Apart form tax and less regulation what are the benefits of registering a company offshore?

Some reasons for using an offshore jurisdiction, presented hopefully without judgment - Tax As well as lower tax rates, there is the chance of ingenious schemes involving tax reliefs between ...
user avatar
1 vote

Can an employee pay for boss' things?

Can this happen? Sure. Is it legal? Oh my, no. It’s clearly an illegal tax avoidance scheme.
user avatar
  • 148k
3 votes
Accepted

Can I expense rental costs for tax purposes?

If it is a business expense, yes It depends on the nature of the "job". If you run a business based in the UK and the job is a contract to your business, then the costs involved in ...
user avatar
  • 148k
3 votes

Tax law regarding mutual gift giving in USA

If the space were owned by a charitable organization, the money left by each individual would be a charitable gift reduced by the fair market value of the food taken, and the proceeds would not be ...
user avatar
  • 130k
2 votes

Is FATCA really reciprocal?

FACTA is implemented via bilateral tax treaties with particular countries that have several different main models that are used as templates. Many countries of the world have agreed to FACTA treaties ...
user avatar
  • 130k

Top 50 recent answers are included