International Tax Filing: Non-Resident vs. Resident
By frank.rosillo
- 03/03/2017
Resident (RA) vs Non-Resident (NRA) Tax Filing For tax purposes U.S. tax law treats U.S. persons and foreign persons differently. So, it is relevant to distinguish between these two types of taxpayers. Resident or United States Persons: In tax law,…
Saving on the Cost to Prepare Your Not-For-Profit Tax Return
By frank.rosillo
- 03/02/2017
Tax preparation in general could imply to set aside lengthy periods of time. It is not different for a non-for-profit organization. As it should be, members’ passion and energy could direct them to focus on building the mission of the…
Five Ways to Stay on Top of Your Taxes
By frank.rosillo
- 03/01/2017
Whether you are ready or not, taxes must be filed and paid at their due dates. Mark your calendars with the following tax deadlines for the first quarter of 2017. March 15: partnerships and corporations 2016 income tax return; April…
Keeping Your Not-For-Profit Status
By frank.rosillo
- 02/28/2017
For federal tax purposes, an organization is exempted from taxation, if it is organized and operated exclusively with the purpose to promote or assist a particular social cause. To be exempted the organization must apply to the Internal Revenue Service…
Managing Estimated Tax Payments and Cash Flow
By frank.rosillo
- 02/27/2017
If you own or run a business you must add to your quarterly tax activities the estimated tax payment as requirement to comply with the federal and state tax law to avoid penalties from your tax authorities. The rule is…
Foreign Bank Accounts Report (FBAR) Deadline Is Now in April
By frank.rosillo
- 02/08/2017
United States Citizens and/or taxpayers who has authority over assets, including a bank account, brokerage account, mutual funds, trust, or other type of financial accounts located outside of United States aggregating to $10,000 during the calendar year must file the…
Hassle Free Business Tax and Accounting Deadline Management
By frank.rosillo
- 01/31/2017
Complying with the business tax and accounting liabilities can be very time consuming, which is the reason we recommend you to plan ahead. Waiting until the last minute only creates burden and the risk of missing the deadlines; which could…
Trump’s Proposed Tax Brackets
By frank.rosillo
- 01/30/2017
President Donald Trump would implement some significant tax changes based on what it was proposed during his campaign. On January 23, 2017 he said from his chair in the Roosevelt Room at the White House “We are going to be…
New Year’s Financial Resolutions
By frank.rosillo
- 01/11/2017
The new year spreads excitement, and for many it also brings the desire of making positive changes and the hope of reaching certain goals. If we review the history, we find it records the beginning of the New Year’s resolutions…
Tax Tip #25 My Tax Man Gave to Me…
By frank.rosillo
- 12/23/2016
#25 Do you qualify for a foreign tax credit? If you paid income taxes in a foreign country, when you file your U.S. tax return you can apply for a foreign tax credit. Bring us your foreign tax return, and…
