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GILTI

A CPA Explains Moore v. United States

December 4, 2023 By Stephen Nelson CPA

The Moore v. United States tax law case impacts small businesses and entrepreneurs more than most people understand.

I want to talk about the Moore v. United States tax case. The U.S. Supreme Court hears oral arguments this week. And to date, the media coverage of … [Read more...] about A CPA Explains Moore v. United States

Filed Under: foreign tax issues, GILTI

Section 962 Election: An Answer to GILTI?

November 19, 2018 By Beth Nelson CPA

Double exposure of city and rows of coins for finance and banking concept

As you probably know if you’re reading this blog post, many investors and entrepreneurs with an international footprint face a painful new tax, the … [Read more...] about Section 962 Election: An Answer to GILTI?

Filed Under: business taxes, Corporate taxation, foreign tax, foreign tax issues, GILTI, individual income taxes

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Use our S corporation tax savings calculator to make a quick estimate of the annual tax savings per owner.

Use our S corporation reasonable compensation calculator to estimate appropriate shareholder-employee salaries.

Featured Posts

Washington millionaire tax creates two marriage penalties

Washington Millionaires Tax Marriage Penalty

The federal income tax sometimes creates a marriage penalty. But usually not. Most federal tax brackets, standard deductions and adjustments for … [Read More...] about Washington Millionaires Tax Marriage Penalty

Washington state millionaire tax statistics

Washington’s New Millionaires Tax Statistics

Washington's new 9.9% millionaires tax doesn't take effect until January 1, 2028, with the first returns and payments due in April 2029. That … [Read More...] about Washington’s New Millionaires Tax Statistics

Use the Section 199A Deduction Calculator to estimate the new "Qualified Business Income" deduction.

Section 199A QBI Deduction Calculator

Starting in 2026, the Section 199A deduction works slightly different. Congress adjusted the formulas for inflation, improved how future inflation … [Read More...] about Section 199A QBI Deduction Calculator

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