Proposed PFIC Regulations Causes Concerns for AICPA

August 23, 2022

In January 2022, the Internal Revenue Service (IRS) issued proposed regulations regarding the..

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 ..

Foreign Nationals Who Will Become US Tax Residents Now Have Greater Certainty on Check-The-Box Planning Prior to US Tax Residency

April 21, 2021

Foreign nationals, such as executives of foreign companies, are transferred to the US for training..

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?..

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