Nigerian Tax law, in line with best global practice is purely statutory. Therefore, main domestic sources of tax law are primary legislation, such as acts...

Who receives a Form 1095-C? Applicable Large Employers (ALEs), or employers with 50 or more full-time equivalent employees, are required to send Form 1095...

Both of you are responsible for the taxes, interest and penalties due on the return. You’d both be responsible for any underpayment of tax that might be d...

The Excess Amount If the excess contribution is returned to you, any earnings included in the amount returned to you should be added to your taxable incom...

The profit, or the money you get to take home, is the money that’s made after all the business expenses are paid off. While the industry is pretty tight-l...

Where do I report the foreign income on my return? Generally, you report your foreign income where you normally report your U.S. income on your tax return...

Section 501 of the U.S. tax code outlines which types of nonprofit organizations are tax exempt. The section of this code that provides for exemption is s...

An alumnus or alumna is a former student and most often a graduate of an educational institution (school, college, university). The term is sometimes info...

Call the IRS toll free at 800-829-1040 or make an appointment to visit an IRS Taxpayer Assistance Center (TAC). The IRS will send your employer a letter r...

Guidelines on Business Scenario Documentation Capture all the important details about a Business Scenario: Situation description and rationale. Capture th...