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Watch out for those who Promise Bogus Charitable Giving Tax Schemes

April 2018

Watch out for those who Promise Bogus Charitable Giving Tax Schemes was published by JD Supra on 4/25/18. In the US, there are promoters of phony companies that pose as registered charities and solicit charitable contributions by individuals or corporations.

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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?

April 2018

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.

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Avoid this while filing your taxes

April 2018

Avoid this while filing your taxes was published by JD Supra on 4/13/18. To avoid possible scrutiny or oversight by the IRS, Accuracy is a key factor when filing Tax Returns.  Taxpayers want to make sure that their returns are processed

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Virtual Currency Investors have a lot of responsibilities!

April 2018

Virtual Currency Investors have a lot of responsibilities! published by JD Supra 4/13/18. For U.S. Federal Income Tax purposes, Virtual Currency (VC) is treated as property.  As a result, a VC investor ought to keep a very close watch on

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IRS Dirty Dozen 2018 = IRS Dirty Dozen 2017

April 2018

IRS Dirty Dozen 2018 = IRS Dirty Dozen 2017 published by the South Florida Legal Guide,

  • Miami Herald Business Monday - South Florida Legal Guide Supplement
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Taxpayers may have to pay Section 965 Transition Tax when filing their 2017 Tax Returns

April 2018

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

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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

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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

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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

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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

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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

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Taxpayers with undisclosed foreign accounts need to COME FORWARD NOW. Offshore Voluntary Disclosure Program Ends September, 2018

March 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,

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