Benefits of Participating in VCSP
On September 21, 2011, the Internal Revenue Service launched a new program, the Voluntary Classification Settlement Program (“VCSP”) that will enable many employers to [...]
IRS Issues Guidance on Tax Treatment of Cell Phones
On September 14, 2011, the Internal Revenue Service issued guidance designed to clarify the tax treatment of employer-provided cell phones. The guidance relates to [...]
Foreign Tax Credit: General Overview
US tax residents and citizens are taxed based upon their worldwide income. This can often result in individuals being subject to double taxation. To [...]
US-Canada Tax Treaty: Beware of Income Exemption Traps
Are you a US taxpayer earning income in Canada? Do you rely upon the US-Canada tax treaty (officially known as, The Convention with Respect [...]