Form 5471: Reporting Foreign Corporations & Related Income
Tax season is coming to a close and if you share ownership in a foreign corporation, you’re probably starting to look through Form 5471. Form 5471 is a required tax
April 18, 2021
Recent Articles
Tags
Form 3520: Reporting Foreign Trusts, Inheritances & Gifts
As we near the end of tax season, it is beneficial to take a quick internal audit of your assets and forms filled to ensure you’ve completed your filings for
April 16, 2021
Senate Finance Committee’s International Taxation Overhaul
The Senate Finance Committee released an article last week highlighting changes they plan to make to the current international taxation system. These changes will be made in an effort to
April 12, 2021
Biden’s Infrastructure Plan: What You Need To Know
President Biden announced a new infrastructure plan last week that he has dubbed “a once-in-a-generation investment in America.” Biden promises that this infrastructure plan will create millions of good-paying jobs,
April 9, 2021
Series 207: International Tax Planning for Businesses, Pt. II – Inbound Tax Planning
I. Overview of Inbound Tax Planning The U.S. system governing the taxation of income earned by non-U.S. persons draws a fundamental distinction in the U.S. tax treatment of income that
March 31, 2021
2021 Tax Deadline Extension
The Internal Revenue Service announced on March 17 that they would extend the 2021 federal tax return filing and payment deadlines from April 15 to May 17. This ruling was
March 24, 2021
What You Should Know About the Tax Cuts and Jobs Act
The 200-page Tax Cuts and Jobs Act (TCJA) was passed in 2017 and still has officials and tax experts questioning tax codes and compliances in 2021. The TCJA made many
March 18, 2021
How To Protect Yourself From FBAR Penalties
U.S. taxpayers who hold assets and funds in offshore accounts know the importance of reporting these funds to the IRS during tax season but occasionally, mistakes will be made or
March 15, 2021
Get The Latest Updates
Subscribe To Our Weekly Newsletter
Our newsletter helps breakdown complex subjects into bit sized overviews and discusses the most important current topics in the world of tax.
