U.S. Citizenship Renunciation Fee to Be Reduced

January 19, 2023

Two court cases filed against the U.S. government that are still pending may be of interest to U.S...

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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