Gary Sigman, CPA, M. Tax, PFS, AEP®
ATS Manager
Mandatory Filing Now Required for U.S. Owners of Foreign Entities
foreign assets , owners of foreign entities , Taxes - Corporate & Business , Taxes - Planning, Rules and Returns
The Department of Commerce has introduced a new form that is required to be filed by U.S. owners of foreign entities. The new form BE-10 is filed through the Bureau of Economic Analysis (BEA). The BE-10 is an annual survey which, up until recently, was only mandatory if the U.S. owner was contacted directly by the BEA.
Reasonable Compensation for Shareholders of Corporations
Taxes - Corporate & Business , Taxes - Planning, Rules and Returns
Whether you operate your business in a C corporation or an S corporation, the matter of “reasonable compensation” is an important topic to discuss with your tax practitioner. There are key differences in how “reasonable compensation” is defined in connection with the two types of corporations.
C Corporation
7 Ways to Protect Yourself From Identity Theft
identity theft , fraud , credit reporting , Taxes - Planning, Rules and ReturnsBy Howard Kass, CPA, CGMA, AEP®
Partner
Selling a Business: Personal Goodwill vs. Business Goodwill
capital gains , Taxes - Corporate & Business , Taxes - Planning, Rules and Returns , Business - Management, Issues & ConcernsSelling a business is a complicated transaction. The long list of business and personal issues that need to be considered is extensive and at times, confusing. Usually at the top of the list is the tax the seller will pay when the business sells. When selling a business, properly structuring the transaction will minimize taxes owed; ordinary tax rates for corporations are 21% and capital gains tax rates range from 15% to 20%.
A Zinner & Co. Senior Manager was recognized in the Best Practices section of May/June edition of Inside Business Magazine on page 88.
Have Nagging Financial Questions?
