by Leslie Marenco | Feb 10, 2017 | Articles, Gift Tax, Inheritance, IRS, Uncategorized
If you are a citizen or permanent resident, you must report all income to the IRS annually even if it’s taxed somewhere else. Also, unless you have been living under a rock you should KNOW that you must report your foreign bank accounts. There’s been so...
by Leslie Marenco | Oct 14, 2016 | Articles, Celebrity Estates, High Net Worth, IRAs / 401(k), IRS, Uncategorized
In anticipation of the election and in response to public demand, Hillary and Bill Clinton have released their 2015 federal tax return. Tax returns have been a hot topic this year, as candidate Donald Trump continues to refuse to release his tax returns. What can you...
by Leslie Marenco | Mar 25, 2016 | Articles, Income Tax, IRAs / 401(k), IRS
Did you know there are many steps that you can take to save money via your employment? Some of these strategies work by allowing you to pay for things with pre-tax money, which could up to 40% (depending on your tax bracket) right back into your pocket. Others...
by Leslie Marenco | Jul 6, 2015 | Articles, Income Tax, IRS, Real Property / Real Estate
When a foreign person sells U.S. real estate, he or she is subject to having 10% of the gross sales price withheld from the proceeds received at closing. This is a requirement under the Foreign Investment in Real Property Tax Act, known as FIRPTA. This 10% withholding...
by Leslie Marenco | Jun 5, 2015 | Articles, Celebrity Estates, Income Tax, IRS
Al Capone, head of the most profitable crime syndicate of the Prohibition Era and mastermind of the notorious 1929 “Valentine’s Day Massacre,” seemed above the law. In the end, however, Capone would be brought to justice not for murder, extortion,...
by Leslie Marenco | May 14, 2015 | Articles, IRS
Many small businesses rely on independent contractors for their staffing needs. There are many benefits to using contractors over hiring employees: Savings in labor costs; Reduced liability; Flexibility in hiring and firing. BUT Why Does It Matter? Mis-classification...
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