This caveat is often overlooked by some self-preparers and even a few new professionals. This exception to the rule has been the source of audits in recent years.
This has significant impact to US shareholders of foreign corporations. If you fall under this category and didn’t…
“…surround yourself with the right people that will help you build your startup.”
“I thought I didn’t want to be an accountant, but as time went on I kept an open mind and after learning more about it, I realized that that is exactly what I wanted to be.”
Taxfyle: Where are you talking to us from?
“My mission is simple: I just need to save you time, money and your sanity.”
“I will definitely state that if you have two or more business owners involved, that a competent local business lawyer should be involved in creating your LLC, and in drafting your related legal documents.”
“Cash is king, and you must absolutely monitor your cash flow. Starting out, you should know where every single penny is coming from and going.”
Taxfyle: Where are you from?