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Tax Credits and Deductions

Form 1120-F: U.S. Income Tax Return of a Foreign Corporation

November 16, 2016

Often times, it proves troublesome for a foreign corporation to decide whether to file a US income tax return in order to report U.S. income. They can claim the possible tax credits and deductions; or disclose it as tax-exempt income under an existing tax-treaty to avoid double taxation. The US Internal Revenue Service (IRS) requires...

Canada Us Tax personal taxes

US Education Tax Credits and Deductions

August 21, 2013

Education is important but expensive. In order to support those striving to obtain higher education, the US Congress has enacted certain tax benefits that can help you offset some of the costs of college. At AG Tax our professional accountants are often asked what credits and deductions are available to the taxpayer in regards to...