Deducting Car Mileage

How Much Mileage Can I Deduct If My Employer Does Not Reimburse Me? If your employer does not reimburse your gas mileage there are several ways to claim it in your tax deductions. Some employers provide a company car for their employees, but many do not and the employees must use their personal vehicle for […]

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Tax Implications on Non-Resident Aliens With U.S. Real Estate

Foreign Individuals Must Pay Taxes on U.S. Real Estate United States tax law requires that all persons, domestic or foreign, pay income taxes on US property interests; while non-resident aliens (NRAs) foreign investors were once exempt from paying this tax, specific measures were eventually put in place to ensure comparable tax implications on all. This […]

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Tax Penalties For ObamaCare

Wondering What Could Happen If You Don’t Enroll For Health Insurance? It is April 1st and open enrollment for health insurance coverage under the Affordable Care Act has officially closed, yet you remain without coverage; as a result, you may find yourself owing some potentially hefty tax penalties. If you are not among the anticipated […]

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Application Process – Form 1023 for 501(c)(3) Tax Exemption

Non-profit Application for 501(c)(3) Tax-Exempt Status Preliminary Steps Before Application In order for your non-profit to qualify for tax-exempt status, you need to take some preliminary steps before applying. You need an Employer Identification Number, an organizing document (e.g., articles of incorporation, trust agreement, articles of association, constitution, by laws), and more importantly, your organization […]

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