If IRS wants to obtain records held in another country, Don’t ignore its request!

February 2018

At a certain point during an income tax examination, if the IRS determines that it needs documents or items located outside the U.S., it may issue a Formal Document Request (FDR) under the Internal Revenue Code Section 982 (IRC 982).  https://www.jdsupra.com/legalnews/if-irs-wants-to-obtain-records-held-in-47333/  

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Tenga cuidado con las Ventas o Transferencias del 10% de la Propiedad en una Corporación Extranjera

Febrero 2018

La “Ley de reducción de impuestos y empleos” (la “Ley”) contiene una provisión que es una “acompañante hermana” de la Deducción por Dividendos Recibidos (DRD) que implica ventas o transferencias que envuelven un 10% de la  propiedad específica en Corporaciones

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Beware of Sales or Transfers of 10% ownership in a Foreign Corporation

February 2018

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 sales or transfers that involve specified 10% ownership in foreign corporations. https://www.jdsupra.com/legalnews/beware-of-sales-or-transfers-of-10-31885/

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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

Febrero 2018

El Departamento de Estado de  los EE.UU esta requerido a  denegar la solicitud de pasaporte de un individuo y está autorizado a revocar o limitar un pasaporte existente si el IRS certifica que el individuo tiene una deuda fiscal federal

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¿Sabía usted que la “Ley” tiene una Deducción por Dividendos Recibidos (DRD)?

Febrero 2018

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 “territorial”.  Antes de que se aprobara la Ley, la mayoría de las empresas de los

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Did you know that the “Act” has a Deduction for Dividends Received (DRD)?

February 2018

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 was approved, most U.S. companies were incentivized to keep their earnings offshore.  In the transition to

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Accionistas Estadounidenses que poseen el 10% o más tienen un mandatorio nuevo “impuesto de transición”

February 2018

La “Ley de reducción de impuestos y empleos”  (la “Ley”) tiene una provisión que requiere que los Contribuyentes  Estadounidenses que poseen el 10% o más de una  Corporación Controlada Extranjera (Controlled Foreign Corporation o “CFC”) y de otras Corporaciones Extranjeras Especificas (“Specified Foreign

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U.S. 10% Shareholder Taxpayers have a new Mandatory “Transition Tax”

February 2018

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 Foreign Corporations” to pay a “transition tax”.  This mandatory “transition tax” or “repatriating

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Conflict of Interest: When professional judgement is compromised….

January 2018

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 member performs a professional service for a client or employer

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The IRS’s ability to deny or revoke the Passports of Taxpayers with significant tax debts is one of the Most Serious Problems encountered by Taxpayers

January 2018

The U.S Department of State is required to deny an individual’s passport application and is authorized to revoke or limit an existing passport if the IRS has certified that the individual has seriously delinquent federal tax debt under the FAST

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BSA, FinCEN, Treasury and IRS Want to Know: Who is the Ultimate Beneficial Owner (UBO)?

January 2018

There seems to be a convergence by the Financial Crimes Enforcement Networks (FinCEN), the Treasury Department and the IRS for determining “who is the UBO” of entities.   The U.S. Government is determined to enforce financial transparency and combat the misuse of companies through

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Financial Planning Should Not be “UGH”

1/8/18

  • South Florida Legal Guide - Supplement for the Miami Herald Business Monday