Here is what you need to know about the FinCEN’s Final CDD Rule effective May 11, 2018
Here is what you need to know about the FinCEN’s Final CDD Rule effective May 11, 2018 was published by JD Supra on 5/1/18. Covered Financial Institutions (CFI) have until May 11, 2018 to implement and comply with the Financial
- JD Supra
At any time during 2017, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country?
At any time during 2017, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country? published by JD Supra on 5/13/18.
- JD Supra
Taxpayers may have to pay Section 965 Transition Tax when filing their 2017 Tax Returns
Taxpayers may have to pay Section 965 Transition Tax when filing their 2017 Tax Returns published by JD Supra 4/10/18. Section 965 of the Internal Revenue Code requires certain U.S. Shareholders to pay a transition tax on the untaxed foreign earnings of certain Specified Foreign
- JD Supra
May I continue excluding income earned in a Foreign country after 2017?
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
FATCA: “COPA” y “CERTIFICACIONES PERIÓDICAS” que vencen el 1 de Julio de 2018 tendrán en efecto, una extensión de 3 meses. PERO, ¿estarás LISTO?
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?
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
Taxpayers with undisclosed foreign accounts need to COME FORWARD NOW. Offshore Voluntary Disclosure Program Ends September, 2018
Taxpayers with undisclosed foreign accounts need to COME FORWARD NOW. Offshore Voluntary Disclosure Program Ends September, 2018 – JD Supra 4/3/18. On March 13, 2018, IRS announced the termination of the Offshore Voluntary Disclosure Program (OVDP) as of September 28,
- JD Supra
20% Tax Deduction for Pass-Through Entities?
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
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!
IRS Virtual Currency Amnesty? Not so Fast! – DBR 3/22/18.
- Daily Business Review
Changes in Alimony for Payer Spouse and Recipient Spouse under Tax Reform
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
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
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