ESR or Economic Substance Regulation is one of the hottest topics in the business world of the UAE, as it was implemented on 1st January 2019. If the firm...

All rental income must be reported on your tax return, and in general the associated expenses can be deducted from your rental income. If you are a cash b...

Generally, you can claim one personal tax exemption for yourself and one for your spouse if you are married. You can also claim one tax exemption for each...

Update: In response to reader questions, Jace clarifies that the couple’s gross income ($150,000) is not their taxable income. He’s an entrepreneur, and b...

This means that for Financial Year 2016-17, the Income-tax return will be allowed to be filed upto 31st March 2018 (whereas as per earlier law it was allo...

Form 2553 must be signed by a person authorized to sign the corporation’s tax returns. The form must also include the name of each shareholder, the number...

Many banks offer investment services to their customers in addition to other, more standard consumer banking services. These in-house investment services ...

Section 03.06. 01.16 – Photography A. The sale of a photograph, photostatic copy, or blueprint is a sale of tangible personal property subject to tax. The...

GUIDANCE FOR FILLING CLAIM FORM – PART A (To be filled in by the insured) DATA ELEMENT. DESCRIPTION. FORMAT. SECTION A – DETAILS OF PRIMARY INSURED. SECTI...

And there’s no limit to how much you can charge. The house is considered a personal residence so you deduct mortgage interest and property taxes just as y...