US Persons Doing Business Abroad: U.S. Taxation

U.S.“person”who are considering conducting business outside the U.S. should consider the tax consequences of such entrepreneurship. The US rules in this area are highly complex, and you also have to look to the tax rules of the country within which you are considering conducting business as well as to any tax treaty between the US […]

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Tax Credits—Some is Better Than Others

Unlike deductions, tax credits reduce your tax liability by dollar for dollar directly whereas tax deductions reduce your taxable income. Some tax credits can be more valuable than others. Refundable vs. nonrefundable tax credit Tax credits can either be refundable or non-refundable. If the tax credit were a refundable credit, it is not limited by […]

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