Proposed PFIC Regulations Causes Concerns for AICPA

August 23, 2022

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

7 Common Questions Asked by US Taxpayers Living Overseas

August 16, 2022

Many US taxpayers live overseas for a variety of reasons. For some, it is a dream come true. For..

US Subsidiaries of Foreign-Based Multinationals May Be Subject to the 15% Corporate Minimum Tax

August 9, 2022

After a whirlwind final day on Aug. 7, 2022, the United States Senate voted to pass the Inflation..

Foreign Corporations: Calculating Interest on Over Withholding Refund for US Tax

January 4, 2022

In some instances, foreign corporations may have US withholding tax that is refundable. These..

Foreign Trust Reporting Penalties: Is It 5% or 35%?

November 3, 2021

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

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