small business IRS audit triggers is important. Quick TakeawaySmall business IRS audit triggers primarily include disproportionate deductions, cash-inte…
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Author: Prashant Thakur
Prashant Thakur is a practicing tax advisor on Income Tax Act of India . He also blogs on US taxation law (IRC) . He has more than 30 years of experience in dealing with tax issues ( 20 years on the other side of the table i.e for Income Tax department) . He has written three books - Tax Evasion Through Shares( 2008 & 2012) , Taxing Question Simple Answer (2013) and Crypto Taxation in USA (2022) .
Other than taxation , he has great interest in cloud technology, WordPress and is found of small tech company .
Tax Exemption Compliance: Avoiding Penalties and Violations
tax exemption compliance requirements checklist is important. Quick TakeawayA comprehensive tax exemption compliance requirements checklist includes ann…
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Mortgage Interest Tax Deductions: Rules for Homeowners
Mortgage interest tax deductions homeowners 2024 represent one of the most significant tax benefits available to property owners, yet many homeowners fa…
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7 Situations State and Local Tax Deduction Not Allowed On Federal Tax!
The SALT deduction or State and Local Tax deduction you pay certainly reduces your taxable income when you claim an itemized deduction on the federal tax returns. However, this post informs you of seven specific situations where this deduction is not permitted. If you are new to this topic, please read “What is SALT deduction?“ Video […]
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Kiddie Tax Calculator With Tax Rules Made Simple!
The Kiddie Tax Calculator is a handy, quick tool designed to estimate taxes under the IRS’s special “kiddie tax” rules, which apply to a child’s unearned income when certain conditions are met. In simple terms: A child’s earned income (such as wages from a job) is taxed at the child’s own regular tax rates, just […]
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Singapore Tax Residency: Requirements for Individuals and Companies
Singapore tax residency requirements individuals determine whether a person qualifies for favorable tax treatment in one of Asia’s most attractive finan…
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