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Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

There is a substantial amount of time you have to file your taxes, but the process can seem hefty. With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service.

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Year-End State and Local Tax Planning Perspective

Withum

Today, almost all states employ economic nexus concepts, whereby merely having sales sourced to a state generally result in a filing requirement even without a physical presence. Economic nexus presents risk and opportunity for service providers. It has significant tax in any respective out-of-state jurisdiction.

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How to Plan for Global Tax Minimization

Cherry Bekaert

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. What Is Global Tax Minimization? income tax return.

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Insurance, Employee Benefits and Pensions

Withum

Perhaps to a low-tax or no-tax state? If so, you are not alone, and here are some of the things you should be considering for income tax purposes. Reduce Taxable Investment Income: Structures exist to reduce or eliminate the income tax on future investment income.

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What is tax advisory?

ThomsonReuters

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do?

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S Corporations Should Be Jaded That 1202 Only Applies to C Corporations

Withum

Section 1202 was enacted in 1993 and excludes certain percentages of gain triggered on the sale of Qualified Small Business Stock (“QSBS”) provided the stock is held for more than five years. Therefore, none of Angela’s gain on the sale of QSBS would be taxable at the federal income tax level. That was not a typo!

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How Inflation and Supply Chain Disruptions Can Increase Your Business’ Tax Bill

Withum

It is not uncommon for businesses to utilize First-In-First-Out (“FIFO”) for internal reporting purposes but use the Last-In-First-Out (“LIFO”) method for external reporting purposes, such as for US GAAP and federal income tax. Taxpayers should be monitoring their COGS and higher sales prices due to inflation. Wait and See.