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This is from the IRS website: Q. A non resident alien who doesn’t meet the 183 day test is a partner in a US partnership where the US partnership deals with rentals; must he file an FBAR? A. With the October 2008 revision to the FBAR form and instructions, FBARs are now required by nonresidents […]

This year, The Wharton School (perennial competitor to my alma maters, Columbia Business School and London Business School) has again generated some interesting ideas in its annual Business Plan Competition: Article This year, hi-tech ideas have yielded ground compared to This year’s competition had 168 entries, showing the huge involvement of the student body of […]

The accounting firm Marcum & Kleigman LLP has an interesting article about avoiding problems with sales tax filings for business. Sales tax is a major revenue source for states, especially New York, so never mess with them on this point. I personally knew one of the agents from this section; while a nice guy personally […]

LLCs and corporations are different in more ways than just letter combination. Each derived from different types of laws, and therefore come with significant baggage. Corporations, owned by shareholders and ruled by a Board of Directors through hired officers, are the result of centuries of entrepreneurs using other people’s money to produce profits. This led […]