Category: Assets
Business Assets
Assets are?resources or things of value that are owned by a company. When making assertions about an asset, management needs to remember several key points: Existence-Check depreciation and anything else related to the claimed asset…
Inventory
How Cost of Gods Sold Affects Income & Tax Bracket An increase in the Beginning Inventory decreases?income for the year. An increase in the Ending Inventory increases?income for the year. An increase in Beginning Inventory…
Foreigners Investing in US Real Estate
Common errors investors make: Realtors are usually not familiar with tax requirements regarding foreigners. When a foreigner is looking to invest in Real estate in the US, the first thing I notice is that the…
Tax Implications When Foreigners Investing In Real Estate in the US
Tax Implications When Foreigners Investing In Real Estate in the US The tax would be reported to the US because the property is located in the US. Under the treaty, it states ARTICLE 6 Income…
