How Are C Corps Taxed? Here’s Everything You Need To Know!

best-tax-palnning-in-plano When it comes to taxation C corps, the first thing that you need to know is that they are subject to double taxation - while the profits earned by C corps are taxed at the corporate level, the profits distributed as dividends are taxed at the individual level. This is one of the major differences between C corps and other business entities such as S corps, [...]

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Should I plan my retirement tax strategy?? YES YOU SHOULD!

Our life changes with various life changing events and retirement is one such life changing event which not only changes our life…but also our income and our income taxes. [...]

Residential Status in the US, What does it mean from US Tax filing perspective?

It is very important to determine the residential status of the tax filer, as a resident and nonresident are taxed differently under the IRS code.  Who is a Resident?  You [...]

What is a Wash Sale? How does it affect taxes on Capital Gain?

When you sell a stock at a loss and repurchase a substantially identical stock within 30 days, your transaction will likely be designated a wash sale. A taxpayer cannot deduct [...]

US Economy, when will we see normalcy again?

2008 Recession is known to be one of the worst recessions since World War 2. Households are not only cutting their day to day expenses, but also resorting to long term life [...]

What is an ITIN or Individual Taxpayer Identification number?

ITIN is a tax processing number issued by the Internal Revenue Service. Individuals who are not eligible for SSN, but who are required to have a U.S. taxpayer identification [...]

Welcome to GVA, mytaxfiler®

About GVA - Global Value Add, Inc (GVA) founded by industry professionals and alumni from Infosys, KPMG, and consultants from reputed tax consulting companies with combined [...]

Inauguration of new office

November 24th 2008 - GVA today inaugurated their office in Bangalore India. This office is all encompassing, and designed keeping in mind the client and staff needs, and [...]

Election of Chair

October 30th 2008 - The GVA leadership today announced that Mr. Victor Abraham has accepted the position of Non Executive Chairman to the GVA board. Victor is on the Board, [...]

Incorporation of Global Value Add

Incorporation of GVA - Oct 29th 2008, was the date on which Global Value Add, Inc was born. The company is incorporated with the Texas Secretary of State. We are pleased to [...]