Archive for Category: Taxes

The Tax Implications of Remote Work

Working remotely is becoming an increasingly popular option for people who want to have more control over their work-life balance. But there are a few things you should know about the tax implications of working from home before making the switch. Remote Work and Taxes When it comes to...

Read More

What Is IRS Form 5471?

While you might be currently living overseas, that does not mean that you are free from the tax obligations of being an American citizen. Even if you work overseas, there are still tax forms that you are required to file. One of those is known as IRS Form 5471....

Read More

What Is the R&D Tax Credit?

The Tax Cuts and Jobs Act (TCJA) made many changes to the tax deductions and credits that are available to businesses. One of those is the R&D tax credit. This credit can save some businesses hundreds of thousands of dollars, but only if they understand exactly when it is...

Read More

What is Section 1244?

As a business, there are many different parts of the tax code that you need to understand in order to avoid issues. One of those is Section 1244. Section 1244 is known as the small business stock provision, and it allows shareholders of specific small businesses the ability to...

Read More