This is an extraordinary GIFT of Education for you from the Tax Forum. As CEO of www.taxconnection.com we see many trainers. If you are working with high-net- worth tax clients, partnerships, flow through, S corps built in gain rules, grantor trusts and more, you will benefit from listening to this 30-minute free education on demand … The post Are You Working With High Net-Worth Clients? Learn How To Support Your Clients From This Free On-Demand Webinar first appeared on TaxConnections ..read more

It’s not a “one size fits all” approach.  We make it a point of understanding our clients’ needs – not just in the current year but throughout the ownership period. Properties go through life cycles – whether it’s based on use, age or market conditions. Also, different groups within a client organization play distinct roles … The post The Life Cycle Of Real Estate first appeared on TaxConnections ..read more

For U.S. expats, foreign dividends must be reported on your U.S. tax return, as the U.S. taxes worldwide income. This guide explains how to handle foreign dividend taxation, including potential credits like the Foreign Tax Credit (FTC) to avoid double taxation. Whether filing on your own or with a professional, understanding these rules helps ensure compliance and … The post Taxation Of Foreign Dividends first appeared on TaxConnections ..read more

Please Do Your Part And Pass This Blog Post On To 10 California Taxpayers So They Are Educated On Exactly What They Are Voting For This November! Carl DeMaio and Reform California have released their “Plain English” voter guide to give you an easy-to-understand explanation of the ballot measures and to grade candidates. California’s Election … The post California Wants To Raise Your Taxes: Learn How They Will Confuse You On The Ballot first appeared on TaxConnections ..read more

The Massachusetts Sales and Use Tax Amnesty Period is a special initiative introduced by the Massachusetts Department of Revenue (DOR) to encourage businesses to resolve overdue taxes. Running for a limited time only between November 1, 2024, through December 31, 2024, the program offers businesses an opportunity to settle outstanding tax liabilities while providing significant relief from penalties … The post Massachusetts Sales And Use Tax Amnesty Period: What You Need To Know first appeared on TaxConnections ..read more

TaxConnections is happy to introduce you to leading educators on closely-held businesses and partnerships. You have everything to gain (including happy clients) by learning from these highly experienced educators on-demand at the Tax Forum. Rarely do you have an opportunity to listen and learn from some of the most elite educators in the tax profession … The post Using A Grantor Trust To Transfer Closely Held Business Interests (Free On Demand Webinar For JDs And CPAs) first appeared on TaxConnections ..read more

Sales tax compliance isn’t what it used to be—thanks to the Wayfair ruling and a maze of state-specific tax laws, it’s now a bit like playing a game where the rules keep changing. For businesses of all sizes, this can feel overwhelming. That’s where a seasoned sales tax consultant can be a game-changer. Miles Consulting … The post The Transformative Power Of Sales Tax Consulting: Real-Life Success Stories first appeared on TaxConnections ..read more

Maine Revenue Services recently released General Information Bulletin No. 114 to provide guidance regarding significant changes to the state’s sales and use tax rules as they apply to leases and rentals. These updates, which will take effect on January 1, 2025, reshape how lessors are required to handle sales tax on leases of tangible personal property. For businesses … The post Understanding Maine’s New Sales And Use Tax Rules For Leases and Rentals: A Guide For Lessors first appeared on TaxConnections ..read more

Saving for retirement is a crucial aspect of financial planning, and in Canada, two primary vehicles facilitate this: Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs). However, when individuals move between Canada and the United States or hold dual citizenship, the taxation of these accounts can become complex. The Internal Revenue Service (IRS) plays a significant … The post U.S. Taxation Of Canadian RRSP first appeared on TaxConnections ..read more

Receiving a tax refund can feel like a windfall, a sudden infusion of cash that arrives with a sense of possibility. This unexpected financial boost allows you to make strategic decisions that significantly impact your financial future.  The key is to allocate this money wisely, balancing immediate needs with long-term goals. Whether you’re looking to … The post What To Use Your Tax Refund For? first appeared on TaxConnections ..read more