by George Dimov | Nov 10, 2024 | NYC Accounting
What is the Airbnb Tax Loophole? The Airbnb Tax Loophole allows hosts to earn rental income tax-free when they rent out their place for 14 days or less in a year. It is known as the 14-Day Rule — this part of U.S. tax law lets short-term rental hosts avoid reporting...
by George Dimov | Nov 10, 2024 | NYC Accounting
What Is Section 179 Vehicle Deduction? The Section 179 deduction vehicle limits 2024 is a part of the Internal Revenue Code that allows businesses to deduct certain income expenses. The vehicle is partially written off, which means it can significantly improve the...
by George Dimov | Nov 10, 2024 | NYC Accounting
What Is PwC Cross Border Tax Talks? PwC Cross Border Tax Talks — A leading global podcast covering international tax laws, compliance hurdles and major regulatory changes. Economies and markets is an essential reading for those businesses or individuals that have to...
by George Dimov | Nov 10, 2024 | NYC Accounting
What is Expat Tax IRS? Expat Tax IRS: The international tax obligations of U.S. citizens and green card holders living abroad This strict rule is the reason why expats need to have a clear idea of their tax obligations because all U.S. citizens must report their...
by George Dimov | Nov 10, 2024 | NYC Accounting
What Is Business Tax? This is a wide variety of federal, state and local taxes that businesses pay based on income, payroll, sales and activities. What types of taxes are due, depends on the type of business organization, for example sole proprietorship, partnership...
by George Dimov | Nov 10, 2024 | NYC Accounting
What Is Back Tax Relief? Back tax relief covers IRS programs that allow taxpayers to settle back owed taxes, lower penalties, and pay in a manageable way. Taxes left unpaid are subject to interest and penalties. The IRS offers many types of relief such as installment...
