Can a green card holder be a citizen of India?
Unlike India, the US tax law is based on residency as well as citizenship. If you are a Green Card holder living in India, you would qualify as a resident...
Category: Updates
What is a limited member in an LLC?
A Limited Liability Company (LLC) is a business structure allowed by state statute. Owners of an LLC are called members. Most states do not restrict owner...
Do you need to register a subsidiary company?
You will have to register every business you’d like to run as a Subsidiary Company to your Holding Company. Also, if the Subsidiary Companies to your Hold...
Are capital bonds a good investment?
Capital investment bonds are the best alternative for people who like the stock market but do not want to take the risk. Capital investment bonds do not g...
What foreign assets are reportable?
The CPA Office TYPES OF FOREIGN ASSETS REPORTABLE TO THE IRS Foreign currency held directly No Precious Metals held directly No Personal property, held di...
What does limited liability mean for stockholders?
Wondering what is limited liability? It is the legal protection available to the shareholders of privately- and publicly-owned companies, under which the ...
What are the tax implications of a short sale?
The Internal Revenue Service (IRS) might see that difference as income, which means there could be short sale tax implications. In the past, a key change ...
Is TARP monetary or fiscal policy?
Congress approved TARP to assist the Federal Reserve as an expansive fiscal policy response. Did TARP banks get competitive advantages? Using a difference...
Are income taxes affected by accelerated depreciation?
Using accelerated depreciation on the income tax return will mean greater depreciation expense and smaller taxable income in the earlier years of an asset...
What is the minimum payment on most credit cards?
Credit card issuers tend to set minimum payment requirements at rock-bottom levels. You’ll generally owe either a fixed amount — often $25 — or a percenta...
