The Internal Revenue Code (Tax Code) provides for a special tax system for employees of foreign governments and international organizations. In certain circumstances, such individuals are exempt from U.S. federal income tax. Foreign government employees do not need to be diplomats or enjoy “diplomatic status” to qualify for tax exemption…..
Foreign Bank and Financial Accounts Report (FBAR)
Many U.S. taxpayers are unaware that ownership of their bank account or some other financial account in a foreign country is subject to their strict IRS reporting requirements. Generally, U.S. citizens, residents (green card holders), and other persons and entities defined as “United States persons” under the U.S. Tax Code must report their financial interests or signatures to the IRS every year to a financial institution such as a bank located in a foreign country. For the remaining accounts, if any, for a tax year, the total value of all foreign accounts exceeds $ 10,000.
Discounted cash flow
Business appraisals, business owners, investors, potential buyers, and potential sellers are requested to pay a company prior to the sale, consolidation/acquisition, or public offering. Evaluation experts use a variety of methods in this process. Here are some common methods used to evaluate a business.
Market-based
To simply put, market-based valuation compares accounting to other recent selling prices of similar businesses. ……