Final and proposed regulations provide guidance related to foreign tax credits made under tax reform, with notable insight on exempt income.
The IRS’s final controlled foreign corporation ownership attribution rules may significantly impact US taxpayers who own stock in CFCs.
It’s time to start your year-end tax planning and focus on the important requirements to avoid penalties.
How to use scenario modeling to strengthen your year-end tax planning strategies and make them as effective as possible.
Controlled foreign corporations held by US partnerships and S corporations may face drastic changes to reporting requirements following final GILTI regulations.
Georgia, Curacao, and Cyprus are among new jurisdictions the IRS deems appropriate for bank deposit interest information reporting.
The repeal of Section 958(b)(4) has caused many non-US payers to be converted into US payers for purposes of 1099 reporting and backup withholding.
US tax owners who own or operate foreign entities are now required to file Form 8858. Discover filing requirements, penalties for failure to file, and more.
The sale of foreign-use property and services will likely require detailed documentation to sustain the FDII deduction.
New guidance related to foreign branches should cause taxpayers to evaluate the impact on their overall tax position. Our professionals can help.
Proposed regulations under Section 250 provide a deduction for individuals with GILTI income if they make a Section 962 election.
Global intangible low-taxed income (GILTI) could mean a significant amount of additional reporting and preparation for companies and individuals that own foreign subsidiaries.
Learn about the new taxation system, and how under it, US companies are taxed only on their US income—with some important exceptions.
The Tax Cuts and Jobs Act contains a new tax that’s easy to overlook, but may affect individual and other non-C corporation investors.
Multinational companies should start preparing now for significant tax reform changes. We cover the biggest implications.
Taxing international operations—transition tax, in particular—is significantly more complicated with the Tax Cuts and Jobs Act.