Every US person with financial interest or signature authority over a foreign financial account(s),..

Tax, International Tax

A byproduct of the coronavirus pandemic is that the IRS has amassed up to 12 million pieces of..

Tax, COVID-19

The substantial presence test is the test used to determine if a nonresident alien (non-US citizen..

Expats, Tax, International Tax

Recent changes may eliminate some of the deemed distributions from controlled foreign corporations..

GILTI, Tax, International Tax

With the IRS finalizing the rules related to the foreign-derived intangible income (FDII) deduction..

Tax, International Tax

Due to the coronavirus (COVID-19) pandemic, the IRS extended the deadline for eligible financial..

Tax

The CARES Act does not have any specific provisions related to Interest Charge-Domestic..

Tax, CARES Act

Here we go for a third time! The IRS issued News Release (IR-2020-58) with the following:

Tax

The IRS released Notice 2020-19 that clarifies some issues on the 90-day delay in tax payments:

Tax