Regulations on the recognition and deferral of currency gains and losses are being deferred for the..

Doing Business in the United States, Currency

The Internal Revenue Code requires US owners of a foreign trust to ensure it files an annual..

US Tax Compliance

Sometimes the Internal Revenue Service (IRS) will challenge a taxpayer’s claim to the foreign..

Expats, International Tax

Tired of hearing about Foreign Bank Account Reporting (FBAR) penalties? Think you have seen the..

FBAR

The Internal Revenue Service (IRS) continues to press for more withholding of taxes on income..

Doing Business in the United States, Tax Compliance

Related-party transactions and financial connections are a normal part of operating a business. But..

Audit and Assurance

Many companies have resumed some level of business-related travel and entertainment (T&E)..

Accounting

Early this year upon being sworn in, President Biden and his administration proposed a significant..

Expats, International Tax

Everyone knows it is better to take a credit than a deduction for the same amount of expenses. But..

International Tax