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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,
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By Edward Parsons, CPA | Ed Parsons CPA, Doral, Florida | Representing taxpayers nationwide | If you
Are foreign ETFs PFICs? Almost always, yes. An ETF organized outside the United States, including the Irish-domiciled
A CFC and a PFIC are two separate sets of U.S. tax rules for foreign corporations. A
By Edward Parsons, CPA (Massachusetts licence 26369) | IRS representation nationwide. Is your foreign mutual fund a
By Edward Parsons, CPA | Ed Parsons CPA, Doral, Florida | Representing taxpayers nationwide | You must
The PFIC asset test asks whether, on average across the year, at least 50% of a foreign
By Edward Parsons, CPA | Ed Parsons CPA, Doral, Florida | Representing taxpayers nationwide The PFIC income
By Edward Parsons, CPA | Ed Parsons CPA, Doral, Florida | Representing taxpayers nationwide A PFIC, or
The Florida Department of Revenue opens a sales tax audit with one of two notices. Form DR-840,