Blogs

Form W-8BEN-E: A Foreign Entity's Guide to US Tax Withholding

Published On:

September 10, 2026

Form W-8BEN-E lets foreign entities certify foreign status and claim tax treaty benefits to reduce US tax withholding. Here is how it works.

The Section 962 Election and How Individuals Get Taxed at Corporate Rates on Foreign Income

Published On:

September 10, 2026

A Section 962 election lets an individual CFC shareholder be taxed at corporate rates on GILTI, cutting the rate from 37% toward 10.5%.

The 2025 EV Tax Credit: How the Clean Vehicle Credit Worked and Ended Under the One Big Beautiful Bill Act

Published On:

September 10, 2026

The federal EV tax credit ended September 30, 2025. See how the clean vehicle credit worked and whether you can still claim the credit.If

Trump Accounts Explained: What the Department of the Treasury's New Investment Accounts Mean for Children

Published On:

September 10, 2026

What Trump Accounts are, who is eligible, how the $1,000 investment works, and what happens for children under 18.

NFT Taxes: How NFTs and Digital Assets Are Taxed

Published On:

September 10, 2026

NFTs are taxed as digital assets, so buying, selling, or minting can trigger capital gains or income tax. Here is how NFT taxes work.

The New Car Loan Interest Deduction Under the One Big Beautiful Bill

Published On:

September 2, 2026

The One Big Beautiful Bill created a car loan interest deduction of up to $10,000 for 2025 to 2028. See how to qualify and claim it.

Sales Tax Sourcing: Destination-Based and Origin-Based Rules for Determining Sales and Use Tax Rates

Published On:

September 2, 2026

Sales tax sourcing rules explained: destination-based vs origin-based methods and department of revenue guidelines for rates.

No Tax on Overtime: The Qualified Overtime Compensation Deduction for 2025

Published On:

September 2, 2026

The no tax on overtime deduction lets workers deduct qualified overtime compensation for 2025 through 2028. See who qualifies and how much.

Gross Receipts Tax: What It Is, How It Works, and Which States Have It

Published On:

September 2, 2026

IRS Form 12153: Requesting a Collection Due Process Hearing

Published On:

September 2, 2026

File IRS Form 12153 within 30 days to request a Collection Due Process hearing and pause an IRS levy. Here is how CDP works.

IRS Form 843: How to Request Penalty Abatement or Get a Refund

Published On:

September 2, 2026

Learn how to use IRS Form 843 to claim a refund or request an abatement of penalties, when to file it, and where to mail your form.

Form 8615: The Tax for Certain Children Who Have Unearned Income (Kiddie Tax)

Published On:

September 2, 2026

IRS Form 8615 applies the kiddie tax, taxing a child's unearned income above $2,700 at the parent's marginal tax rate. See who must file.

BDO Alliance USA is among the industry’s largest associations of accounting and professional service firms. With more than 800 independent Alliance firm locations, the Alliance represents nearly every state and includes a comprehensive range of services.

Subscribe to our newsletter for expert financial tips, industry news, and updates straight to your inbox

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.

Our Blogs

Form W-8BEN-E: A Foreign Entity's Guide to US Tax Withholding

The Section 962 Election and How Individuals Get Taxed at Corporate Rates on Foreign Income

The 2025 EV Tax Credit: How the Clean Vehicle Credit Worked and Ended Under the One Big Beautiful Bill Act

Trump Accounts Explained: What the Department of the Treasury's New Investment Accounts Mean for Children

NFT Taxes: How NFTs and Digital Assets Are Taxed

The New Car Loan Interest Deduction Under the One Big Beautiful Bill

Sales Tax Sourcing: Destination-Based and Origin-Based Rules for Determining Sales and Use Tax Rates

No Tax on Overtime: The Qualified Overtime Compensation Deduction for 2025

Gross Receipts Tax: What It Is, How It Works, and Which States Have It

IRS Form 12153: Requesting a Collection Due Process Hearing

IRS Form 843: How to Request Penalty Abatement or Get a Refund

Form 8615: The Tax for Certain Children Who Have Unearned Income (Kiddie Tax)

// Services

Tax Preparation & Planning

Accounting & Bookkeeping

Audit and Assurance

Payroll & 1099 Services

Sales Tax

Fractional CFO

// Company

About

Careers

Onboarding Process

Contact Us

// Resources

Data Security

FAQs

// Outsource Locations

Glendale

Chennai

Coimbatore

Dharampuri

// Contact Info

+1 (818) 491-6518

info@madrasaccountancy.com

Linked In

// Certificates

Never miss an update