Taxation · 07/18/2025

This article provides a comprehensive guide to the 2025 U.S. tax filing season, covering deadlines, filing entities and their classifications, and essential information required for filing. It emphasizes the importance of filing taxes and potential refund opportunities. Additionally, it analyzes the tax obligations of U.S. residents and special considerations to note, offering valuable references for newly arrived international students.

Taxation · 07/25/2025

This guide provides a detailed analysis of the IRS regulations regarding the substantial presence test, helping foreign individuals understand how to determine their tax residency status. It also outlines specific exceptions to consider when calculating the number of days, ensuring that your tax obligations in the United States are clear.

Taxation · 07/23/2025

This article discusses the advantages and support resources of the modern Electronic Filing program (MeF), including the Assurance Testing System, XML schema, and the electronic filing services locator tool provided by the IRS, helping taxpayers easily complete various tax filings.

Taxation · 07/18/2025

There are temporary and permanent differences between US tax and book accounting, which affect revenue recognition and compliance.

Culture · 08/06/2025

Elon Musk announced on social media his plan to establish an 'American Party' aimed at securing congressional seats to influence legislation and promote public-friendly bills. He emphasized that by concentrating efforts on obtaining key positions, it is possible to change the political landscape of the United States.

Taxation · 08/13/2025

This article explores the tax system in Virginia, specifically focusing on tax management and support for self-employed individuals and small businesses. It provides a wealth of resources and guidance to help business owners effectively navigate tax challenges.

Taxation · 08/08/2025

In a globalized world, US-Canada cross-border tax issues are increasingly prominent. [Your Company Name/Cao's Accounting Firm] specializes in providing professional tax services to multinational individuals, including personal cross-border income reporting, real estate investment tax planning, and corporate cross-border tax compliance. With a bi-national tax background, extensive practical experience, and personalized solutions, we help clients optimize tax costs and maximize the benefits of cross-border development. We strive to provide comprehensive and reliable guidance to navigate the complexities of international taxation.

Taxation · 08/07/2025

Explore efficient and convenient tax response solutions, including various electronic payment options provided by the IRS and the Direct Pay system, to facilitate tax management for individuals and businesses. The abstract also discusses matters related to mailing tax payments.

Taxation · 07/17/2025

Learn about the US tax filing process, including eligibility, income types, and methods of filing to ensure compliance and maximize benefits.

Taxation · 07/25/2025

The mission of the Internal Revenue Service (IRS) is to provide high-quality tax services, assisting taxpayers in understanding and fulfilling their tax responsibilities, while fairly enforcing tax laws. The agency enhances the taxpayer experience through modernized services and technology, emphasizing education and guidance to increase taxpayer trust and cooperation with the tax system.

Taxation · 04/12/2025

Facing the US tax deadline, experts offer three free online methods to request an extension until October 15th: filing Form 4868, selecting the extension option during tax payment, and using IRS Free File. It's crucial to understand that an extension only extends the filing deadline, not the payment deadline. Late payments will still incur penalties and interest. Taxpayers are advised to plan ahead, utilize tax tools to estimate their tax liability, choose the appropriate extension method, and maintain good tax records throughout the year.

Taxation · 07/25/2025

This article provides a detailed analysis of the Tax Cuts and Jobs Act's impact on individuals, businesses, and nonprofit organizations. It focuses on key concepts such as personal withholding, corporate income deductions, and the tax system adaptation for nonprofits. The aim is to offer readers practical tax strategies.

Taxation · 07/25/2025

This article explores the mission and responsibilities of the Internal Revenue Service (IRS) in the United States. The IRS is not only responsible for tax collection but also assists taxpayers in understanding tax regulations and maintaining tax fairness. Through modernized services and community education, the IRS is committed to enhancing taxpayer compliance and the overall integrity of the tax system.

Taxation · 08/04/2025

This article provides an accessible introduction to FIRPTA (Foreign Investment in Real Property Tax Act), explaining the rationale behind the 15% withholding tax and detailing the process of applying for a tax refund. It also highlights Cao & Company's expertise in providing efficient and convenient FIRPTA tax refund services for foreign investors, helping clients securely recover their funds. We offer professional assistance to navigate the complexities of FIRPTA and ensure compliance while maximizing potential refunds. Contact us for expert guidance and support.

Taxation · 10/28/2022

This paper provides an in-depth analysis of the composition and impact of the US tax gap from 2014 to 2016, estimating it at $496 billion. It discusses compliance rates and future trends while revealing non-compliance issues through data. The paper calls for greater societal attention to tax compliance.