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What the House’s Newly Released Tax Plans Could Mean for US Expats

September 15, 2021

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

Changing From a Deduction to a Credit for Foreign Taxes May Open Up Statue of Limitations For Taxpayers

September 14, 2021

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

Coming to a FBAR Filing Near You: Report Your Digital Currency!

May 4, 2021

There will soon be another way you can trip up and have to pay the $10,000 minimum penalty for..

Reminder:  Transition Tax Installment Payment Due May 17, 2021

April 30, 2021

Along with other due date deferrals, thetransition tax annual payment was deferred.

IRS Continues to Refresh and Pursue International Tax Campaigns

April 28, 2021

The IRS’s Large Business & International Division Continues to Refresh and Pursue Issues on its ..

Worldwide Interest Allocation for Foreign Tax Purposes Nixed as Part of American Rescue Plan Act of 2021.

March 8, 2021

If a tree falls in the forest and no one is around to hear it, does it actually make a sound?..

Brutal Results for Foreign Corporation That Failed to File US Tax Returns

March 2, 2021

US Tax Court disallows all deductions for UK company operating in the US on the Outer Continental..

LB&I Division Extends Relaxed Document Request Guidelines

February 9, 2021

Continued suspension of IDR procedures offer you additional time to respond to an agent’s request..

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