No relief in sight for US Expatriates worldwide as Duplicative Reporting Requirements Continue to Burden US Expatriate Taxpayers
No relief in sight for US Expatriates worldwide as Duplicative Reporting Requirements Continue to Burden US Expatriate Taxpayers – JD Supra. The National Taxpayer Advocate Report for 2017 (Purple Book) is a summary of legislative recommendations that the Office of
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FBARs 101
FBARs 101 – JD Supra. US Taxpayers (which includes US Citizens, Permanent Residents, Trusts, Estates, and Domestic Entities) with an interest in foreign financial accounts that meet the reporting threshold of an aggregate value exceeding $10,000 at any time during the
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The IRS is on to Crypto
The IRS is on to Crypto – JD Supra. The IRS Chief of Criminal Investigation, Don Fort, recently stated: “It’s possible to use Bitcoin and other cryptocurrencies in the same fashion as foreign bank accounts to facilitate tax evasion.” The
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If IRS wants to obtain records held in another country, Don’t ignore its request!
If IRS wants to obtain records held in another country, Don’t ignore its request! – JD Supra. At a certain point during an income tax examination, if the IRS determines that it needs documents or items located outside the U.S.,
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Tenga cuidado con las Ventas o Transferencias del 10% de la Propiedad en una Corporación Extranjera
Tenga cuidado con las Ventas o Transferencias del 10% de la Propiedad en una Corporación Extranjera – JD Supra. La “Ley de reducción de impuestos y empleos” (la “Ley”) contiene una provisión que es una “acompañante hermana” de la Deducción
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Beware of Sales or Transfers of 10% ownership in a Foreign Corporation
Beware of Sales or Transfers of 10% ownership in a Foreign Corporation – JD Supra. The “Tax Cuts and Jobs Act” (the “Act”) contains a provision that is a “sister companion” to the Deduction for Dividends Received (DRD) that involves
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La habilidad del IRS de negar o revocar los Pasaportes de los Contribuyentes con deudas fiscales significativas es uno de los problemas más graves que enfrentan los Contribuyentes
La habilidad del IRS de negar o revocar los Pasaportes de los Contribuyentes con deudas fiscales significativas es uno de los problemas más graves que enfrentan los Contribuyentes – JD Supra El Departamento de Estado de los EE.UU esta requerido
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¿Sabía usted que la “Ley” tiene una Deducción por Dividendos Recibidos (DRD)?
¿Sabía usted que la “Ley” tiene una Deducción por Dividendos Recibidos (DRD)? – JD Supra. La “Ley de Reducción de impuestos y empleos” (la “Ley”) tiene el propósito declarado de que los EE.UU. se convierta a un sistema de impuestos
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Did you know that the “Act” has a Deduction for Dividends Received (DRD)?
Did you know that the “Act” has a Deduction for Dividends Received (DRD)? – JD Supra. The “Tax Cuts and Jobs Act” (the “Act”) has a stated purpose of converting the U.S. to a “territorial” tax system. Before the Act
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Accionistas Estadounidenses que poseen el 10% o más tienen un mandatorio nuevo “impuesto de transición”
Accionistas Estadounidenses que poseen el 10% o más tienen un mandatorio nuevo “impuesto de transición” – JD Supra. La “Ley de reducción de impuestos y empleos” (la “Ley”) tiene una provisión que requiere que los Contribuyentes Estadounidenses que poseen el 10% o
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U.S. 10% Shareholder Taxpayers have a new Mandatory “Transition Tax”
U.S. 10% Shareholder Taxpayers have a new Mandatory “Transition Tax” – JD Supra. The “Tax Cuts and Jobs Act” (the “Act”) has a provision requiring U.S. Shareholder Taxpayers that own 10% or more of a Controlled Foreign Corporation (CFC) and other “Specified
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Conflict of Interest: When professional judgement is compromised….
Conflict of Interest: When professional judgement is compromised…. JD Supra. Conflicts of interest can arise at any time during a professional engagement. According to the American Institute of Certified Public Accountants (AICPA), “A conflict of interest may occur if a
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