In this article & video we are going to answer the question, what is FIRPTA. Basically, FIRPTA stands for Foreign Investment Real Property Tax. It is designed for people who invest in real estate in the United States. The reason…

Historically only provided to victims of identity theft! Now an Identity Protection Personal Identification Number (IP PIN) is soon to become the standard in verifying a taxpayer’s identity and will be required for tax filing in the future. What Is…

Perpetuated by the COVID-19 pandemic in 2020, the number of “gig-workers” has increased dramatically. With this increase in the workforce taking on what were once considered side jobs, that were intended to simply supplement income by occasionally driving for Uber…

The Internal Revenue Service (IRS) has recently made a change in the way partnerships are evaluated for tax purposes. This comes in the wake of millions of partnership returns reportedly filed with a large errors that had previously been met…

In the wake of the COVID-19 pandemic, amidst the layoffs and furloughs, many individuals have turned to withdrawing funds from their 401(k). Temporary changes to the rules under the CARES Act may give you more flexibility to make an emergency…

If you are a business owner, you know that one of the key components to running your business successfully is having your finances in order. Your business’s financial data must be up to date and accurate so that you can…

Come tax time most of us think that by hiring a professional to prepare our tax return that we will save the most amount of taxes. However, there is a way to save even more — through tax planning. A…

Many taxpayers feel that ever familiar feeling of dread come tax time knowing that they will be hit with a high tax bill. Instead of resting easy that you or your business has had a good year and your salary…

The Paycheck Protection Program PPP is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The PPP is intended to provide American small businesses with eight weeks of cash-flow assistance to cover payroll and other costs through forgivable,…

Foreign Investment in Real Property Tax Act (FIRPTA) withholding is the withholding of tax on dispositions of United States real property interests. FIRPTA applies to foreign individuals who intend to sell a real property located in the United States. FIRPTA…