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A business selling both groceries and prepared food runs two tax regimes at once: exempt food products on one side, meals
Massachusetts requires a restaurant to register with the Department of Revenue to collect meals tax before the business opens, not after
A voluntary tip is never part of the taxable meal price. A mandatory service charge can also escape Massachusetts meals tax,
Pick Your Category
If you bought Costa Rica property through a Costa Rican corporation, such as a Sociedad Anónima or
Form 5471 has five filer categories, and your category determines which schedules you complete. Category 2 (officers
You generally must file Form 5471 if you are a U.S. person who owns 10% or more
Subpart F income is certain income, mostly passive and related-party income, that a controlled foreign corporation (CFC)
By Ed Parsons, CPA | 17 years of IRS tax resolution and international compliance experience. Ed Parsons,
Reemployment tax is Florida’s name for unemployment tax, paid by employers on the first $7,000 of each
The Florida Department of Revenue does not rely on random selection alone. Most sales tax audits are
Florida’s voluntary disclosure program lets a business that owes back sales tax come forward before the Department
