Evolution Tax & Legal’s Week in Review – July 20, 2020
For this week’s in review, we are providing two practitioner insights on how expenses covered by the PPP loan will be treated as well as some top IRS audit triggers,…
Evolution Tax & Legal’s Week in Review – July 13, 2020
For this week’s in review, we are covering updates and news releases on the IRS unit guidelines on how to calculate the Foreign Tax Credit, the IRS recent release of…
Series 201: Tax Deadlines to Know for US-International Based Businesses
Whether you operate solely in the US, across multiple borders, or exclusively outside the US, so long as you have a US tax filing requirements, the deadlines to turn in…
Series 202: Types of Entities and How They Are Taxed
There are various types of entities through which businesses operate. These generally consist of corporations, general and limited partnerships, and LLCs. Each type of entity has its own specific operating…
Series 203: US International Tax Systems for Businesses
Now that we’ve covered the basics of tax for businesses in Series 201: Tax Deadlines to Know for Businesses and Series 202: Types of Entities and How They Are Taxed,…
Series 204: US Based Companies with Foreign (i.e. Outbound) Operations – Part 1: Anti-Deferral and US Tax Base Shifting Provisions
In addition to the issues and method of taxation covered in Series 203: US International Tax Systems for Businesses, US businesses with foreign operations (i.e. “outbound” operations) have a number…
Series 204: US Based Companies with Foreign (i.e. Outbound) Operations – Part 2: Dual Taxation Relief and Other Inventive Provisions
In Part 1 of this Series 204: US Based Companies with Foreign (i.e. Outbound) Operations, we covered the potential pitfalls out having operations abroad, namely, through the use of corporations.…
Series 205: Foreign Based Companies with US Operations
As we discussed in Series 203: International Tax System for Businesses, the United States taxation of a foreign-based company is generally limited to those items of income derived from the…
Series 206: US Tax Treaties – International Business Relief From Dual Taxation
Double taxation—an issue US businesses and individuals who earn income in a foreign country and are required to pay tax on the same income in both the US and the…
Series 207: International Tax Planning for Businesses, Pt. I – Outbound Tax Planning
There are two segments of international tax planning that you should be aware of—that around outbound operations (i.e. US company operating offshore) and inbound operations (foreign companies operating in the…