Written by the author Maria Škarlat

tax consultant from California


What you need to know a private entrepreneur in California

Your business is no longer just a hobby - you are ready to start your own profitable business and are trying to figure out how to do it right. Let's consider the possible options with the form of doing business as an entrepreneur (Sole Proprietor) using the example of the state of California. If you are doing business in ...


Another hobby or business: how does this affect the amount of tax?

When does your favorite hobby become a business? The answer to this question is very important as it determines whether you can reduce your taxable income by the cost of your business. This information pertains only to Sole Proprietors, i.e. if you drive your ...


Tax education. Who must file a declaration in the USA

Are you going to file your tax return in America for the first time in your life, and you don't know where to start? Is it hard for you to understand the terminology and generally understand what's what? The important nuances of the American tax system are explained by the California tax consultant Maria ...


Catch up on 10 days: 10 recommendations for tax optimization at the end of the year

So, the new tax legislation in the United States has already been adopted, but has not yet entered into force, and there are only a few days left until the end of 2017, and for most individual taxpayers this means the end of the tax year. But despite the Christmas week, there is still ...


Tax education: the IRS gave an important explanation to foreigners who own LLC in the US

Until recently, there was an opinion that if a foreigner (non-resident alien) creates an LLC in the United States with one foreign founder AND: - does not choose the form of taxation as a corporation AND - the company will use an independent intermediary for sales, for example, Amazon Fulfillment AND - the company does not will have an office,…


Every second US resident after hacking Equifax may have problems with the IRS: what to do

In September, there was one of the largest hacks in US history - the Equifax rating agency reported that 143 million people's data, including their social security numbers, had been stolen. In fact, this means that the data of almost every second resident is under threat ...


Who and how can get a tax credit with a child or a dependent

If you are working, looking for a job or studying and you have a child or dependent to take care of, then you can most likely use this loan, which is calculated and reported on Form 2441 and on lines 49 on Form 1040, ...


How to pay taxes in the US if you work for yourself

You are an entrepreneur and you work for yourself, that is, you do not receive a salary. But that does not exempt you from paying social taxes, known as self-employment tax or self-employed tax. Once you have earned, after deducting all costs, $ 400 (for workers ...


10 recommendations for tax optimization at the end of the year

There are only a few days left until the end of 2016, and for most individual taxpayers this means the end of the tax year. But despite Christmas week, there are still 10 great tax-minimizing opportunities. 1. List mortgage payments for January 2017 Usually ...


New rules from the IRS: who needs to update ITIN now?

ITIN is a 9-digit number issued by the IRS to taxpayers who are not eligible for an SSN. Each ITIN starts with a 9, and the fourth and fifth digits range from 50-65, 70-88, 90-92, and 94-99. In December 2015, Congress adopted ...

0 - 10 of 14