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
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,
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
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
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
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
On January 1, 2021, the Corporate Transparency Act was passed by Congress. The Corporate Transparency Act allows the government to close off a major avenue for money laundering in the
With power transferring to the new Biden administration, taxpayers in the United States are likely to see many changes in the coming months. Biden’s tax plan included proposed changes to
Our newsletter helps breakdown complex subjects into bit sized overviews and discusses the most important current topics in the world of tax.