Compliance Matters Archives - Page 46 of 50

International Noncompliance

June 5, 2017

International Noncompliance was published by the South Florida Legal Guide.

South Florida Business Journal Supplement to the Miami Herald Business Monday

Do You know that the US might have a Tax Sharing Information Agreement with your Country?

May 2017

The US has Tax treaties and Tax Information Exchange Agreements (TIEAs) with certain countries that provide, upon request, for the exchange of U.S. income information regarding their citizens or residents. There are currently 43 countries on the list. Exchange of

JD Supra

Is IRS really knocking at your door?

May 2017

Generally, IRS sends a letter or a notice via regular mail notifying a Taxpayer of a potential visit. Nonetheless, IRS may also show up unannounced at the Taxpayer’s home or place of business. IRS wants Taxpayers to understand the reasons

JD Supra

Traps for the Unwary: Are Financial Institution receiving adequate FATCA consulting and training?

May 2017

FATCA is Chapter 4 of the Internal Revenue Code (IRC). It conscripts Foreign Financial Institutions (FFIs) to act as reporting and withholding agents for the U.S. Government. To enforce its conscription, it contains a mechanism for financially penalizing FFIs that

JD Supra

US Banks wanting to be ahead of the FATCA game must master international tax compliance

May 2017

The terms FDAP (Fixed, Determinable Annual and Periodical Income) and ECI (Effectively Connected Income) are expansive terms. They are the backbone behind the tax withholding, and reporting requirements imposed on US Banks with respect to outbound payments. Many of the

JD Supra

The U.S. a tax haven? Could be questionable going forward given the new scrutiny of disregarded entities……

May 8, 2017

The U.S. a tax haven? Could be questionable going forward given the new scrutiny of disregarded entities…… was published by the South Florida Legal Guide.

Miami Herald Business Monday - South Florida Legal Guide Supplement

Employee Business Expenses must be Ordinary and Necessary

April 2017

Employees may be able to deduct their work related expenses as an itemized deduction. These expenses must be unreimbursed expenses that are ordinary and necessary to their work as an employee. According to IRS, an ordinary expense is one that

JD Supra

Is the Perception That the US Continues to Be a Tax Haven a Reality?

April 26 2017

Is the Perception That the US Continues to Be a Tax Haven a Reality? was published by the Daily Business Review on 4/26/17.

Daily Business Review

Debit cards, Offshore Funds and a John Doe Summons

April 2017

IRS remains committed to its priority efforts to stop offshore tax evasion wherever it occurs. It pursues cases in all jurisdictions of the world. Over the years, numerous individuals have been identified as evading US taxes by hiding income in

JD Supra

Colombia criminalizes Tax Evasion

April 2017

On 12/29/2016, Colombia Congress approved “Law 1819 of 2016”. The new legislation is a structural tax reform primarily aimed at increasing revenues for Colombia. Colombia suffered a loss of revenues when crude oil prices plummeted beginning in 2014. The loss

JD Supra

Tax Preparation is NOT a Commodity

March 2017

As we approach this year’s tax filing deadline of April 18th, do you think that you have your Tax Return and tax preparation under control? Before you answer yes, take the time to examine and evaluate who is preparing your

JD Supra

The Value of Forensic Accountants Goes Beyond the Courtroom

March 2017

Forensic Accountants play an integral role in the changing landscape of today’s business management and oversight. Successful business owners prepare for the possibility of malware attacks, internal fraud, lawsuits, accounting irregularities and white collar crimes. Existing or potential dispute resolution