Advisory Services Archives - Page 46 of 54

May I continue excluding income earned in a Foreign country after 2017?

April 2018

May I continue excluding income earned in a Foreign country after 2017? – JD Supra 4/10/18. For most Expatriates, very little changes under the Tax Cut and Jobs Act (TCJA) because “foreign earned income” continues to be treated the same

JD Supra

Common Reporting Standard (CRS) Reporting Avoidance Game Is Over

April 2018

Common Reporting Standard (CRS) Reporting Avoidance Game Is Over – JD Supra 4/6/18. The Common Reporting Standard (CRS) is a reality for over one hundred Jurisdictions during 2018. The Organization for Economic Co-operation and Development (OECD) has stated that there

JD Supra

FATCA: “COPA” y “CERTIFICACIONES PERIÓDICAS” que vencen el 1 de Julio de 2018 tendrán en efecto, una extensión de 3 meses. PERO, ¿estarás LISTO?

Abril 2018

FATCA: “COPA” y “CERTIFICACIONES PERIÓDICAS” que vencen el 1 de Julio de 2018 tendrán en efecto, una extensión de 3 meses. PERO, ¿estarás LISTO? – JD Supra 4/5/18. El 19 de marzo de 2018, el IRS publicó el “Borrador de

JD Supra

FATCA: “COPA” and “PERIODIC CERTIFICATIONS” due by July 1, 2018, will have, in effect, a 3 Month Extension. BUT, will you be READY?

April 2018

FATCA: “COPA” and “PERIODIC CERTIFICATIONS” due by July 1, 2018, will have, in effect, a 3 Month Extension. BUT, will you be READY? – JD Supra 5/5/18. On March 19, 2018, IRS released “Draft FATCA Certification Questions” (https://www.irs.gov/businesses/corporations/draft-fatca-certifications) to be completed

JD Supra

Los Contribuyentes con Cuentas Extranjeras No Divulgadas deben ACTUAR AHORA. El Programa de Divulgación Voluntaria de Cuentas en el Extranjero se ACABA en Septiembre del 2018

March 2018

Los Contribuyentes con Cuentas Extranjeras No Divulgadas deben ACTUAR AHORA. El Programa de Divulgación Voluntaria de Cuentas en el Extranjero se ACABA en Septiembre del 2018 – JD Supra 4/3/18. El 13 de marzo del 2018, el IRS anunció la terminación

JD Supra

20% Tax Deduction for Pass-Through Entities?

March 2018

20% Tax Deduction for Pass-Through Entities? – JD Supra 3/27/18. IRS defines Pass-Through entities as: “an entity that passes its income, loss, deductions, or credits to its owners. The owners may be partners, shareholders, beneficiaries, or investors. It usually does

JD Supra

Understanding the “GILTI” of the Tax Reform

March 2018

Understanding the “GILTI” of the Tax Reform – JD Supra 3/27/18. The Tax Cuts and Jobs Act (TCJA) introduced several complex, hard to understand international tax provisions to the Internal Revenue Code. One of them is the tax on Global

JD Supra

IRS Virtual Currency Amnesty? Not so Fast!

March 22, 2018

IRS Virtual Currency Amnesty? Not so Fast! – DBR 3/22/18.

Daily Business Review

IRS and Accuracy

March 2018

IRS and Accuracy – JD Supra 3/21/18. According to the IRS, accuracy related penalties remain the number one most litigated tax issue. The Internal Revenue Code authorizes the IRS to impose penalties if a Taxpayer is negligent or disregards tax

JD Supra

Changes in Alimony for Payer Spouse and Recipient Spouse under Tax Reform

March 2018

Changes in Alimony for Payer Spouse and Recipient Spouse under Tax Reform – JD Supra. Since the early 1940’s, alimony payments have been tax deductible for the Payer Spouse. The recipient of the alimony (Recipient Spouse) paid the income tax

JD Supra

Shareholders of S Corps can defer payment of Transition Tax

March 2018

Shareholders of S Corps can defer payment of Transition Tax – JD Supra. The Tax Cuts and Jobs Act (TCJA) includes a provision requiring U.S. Shareholder Taxpayers that own 10% or more of a Controlled Foreign Corporation (CFC) and other

JD Supra

Registration of Beneficial Owners: COMING TO YOU SOON?

March 2018

Registration of Beneficial Owners: COMING TO YOU SOON? – JD Supra There is a new Bill drafted on November 14, 2017 called the Counter Terrorism and Illicit Finance Act (CTIFA). The Bill is currently in a committee in the Senate