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Topic: International Tax

Proposed SEC. 385 Regulations: Be Aware of Their Impact!
By Thomas R. Chiavetta on September 15, 2016

Avoid Unintended Results from Complex New Rules for Intercorporate Debt In April 2016, the Treasury Department and the IRS issued proposed regulations under Sec. 385. If the proposed...

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Shadow Payroll: A Growing Trend in the U.S.
By Katherine Keller & Cara Rossi on September 1, 2016

We see it happening more and more. U.S. companies are sending their employees into foreign (host) countries on temporary but at times lengthy business assignments. Employees are willingly...

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Last June 30 Due Date for FBARs: Have You Submitted Your Filings Yet?
By Susan Steblein on June 28, 2016

The FBAR filing due date will be different next year. Hopefully you have already submitted your 2015 FBAR filing which is due by June 30th this year. If not, you still have a little time...

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FATCAs of Life: The Birds and Bees of IRS Access to Foreign Bank Records
By Bill Iannarelli, CPA on April 12, 2016

Some U.S. taxpayers have used foreign accounts to hide income subject to U.S. taxes. As a result all U.S. taxpayers, and many non-U.S. financial institutions, must comply with information...

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Passive Foreign Investment Companies Can Lead to Aggressive U.S. Tax Issues
By Susan Steblein on March 24, 2016

Many people who receive income from passive foreign investment companies, or “PFICs,” have no idea that they hold an interest in an investment that may trigger additional filing...

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What Do I Have to File and When?
By Susan Steblein on March 9, 2016

If you or your business qualifies as a U.S. tax person, you might have to file tax returns and you might have to pay taxes. Or you might not. In a previous post, we focused on the 3 ways an...

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