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United States - Tax Authorities - Proposed Regulations May Mitigate Certain US Tax Reporting Obligations For Some US Taxpayers - Vimarsana News

United States - Tax Authorities - Proposed Regulations May Mitigate Certain US Tax Reporting Obligations For Some US Taxpayers

It is quite common for high-net-worth individuals to have income streams from multiple countries. For example, an individual may have an ownership interest in a foreign...

Source: mondaq.com
Christensen V. U.S. – Reducing The N.I.I.T. By Claiming An F.T.C. - Capital Gains Tax - Vimarsana News

Christensen V. U.S. – Reducing The N.I.I.T. By Claiming An F.T.C. - Capital Gains Tax

The reliance on smartphone G.P.S. applications is nearly ubiquitous in today's world. These "map apps" not only furnish diverse routes to destinations...

Source: mondaq.com
Is The N.I.I.T. An Income Tax, A Social Security Tax, Or Neither? Double Taxation Of Income Hangs In The Balance - Tax Authorities - Vimarsana News

Is The N.I.I.T. An Income Tax, A Social Security Tax, Or Neither? Double Taxation Of Income Hangs In The Balance - Tax Authorities

Congress enacted the N.I.I.T. in 2012 as part of a 2010 law amending the Affordable Care Act ("A.C.A."), more popularly known as "Obamacare." Its creation corresponded to a 0.9% increase...

Source: mondaq.com