INTERNATIONAL TAX

Back To The Basics: International Tax Compliance Disclosures

U.S. taxpayers with authority over foreign accounts are responsible for submitting the Report of Foreign Bank and Financial Accounts (FBAR) and following the Foreign Account Tax Compliance Act (FATCA). Whether a taxpayer must abide by one or both documents depends on a number of factors. Watch as Scott Abrams discusses the differences between these [...]

January 31st, 2017|INTERNATIONAL TAX, VIDEO|

Understanding the International Tax Language

Around the world of international business, the conversation about the use of shell companies has been ongoing. The perception for business or individuals that create international shell companies is that their purpose is to avoid disclosure and evade taxes. The positives and negatives, legality and ethics, and regulations and secrecy have been argued for years. [...]

December 12th, 2016|FEBRUARY 2017, INTERNATIONAL TAX|

How the IRS Targets Multinational Companies Leaving Their Taxes “Out at Sea”

The IRS has issued much-anticipated final regulations intended to keep multinational companies from moving their profits offshore to avoid paying U.S. income taxes. The regulations are part of a larger campaign against corporate inversions, whereby a U.S. company merges with a foreign firm and then changes its tax address (i.e., domicile) to the foreign country. [...]

November 30th, 2016|INTERNATIONAL TAX|

How the EB-5 Visa Program “Powers Up” Business Projects

The EB-5 Visa Program allows foreigners who invest money in the U.S. to receive a green card if they meet certain criteria. Administered by U.S. Citizenship and Immigration Services (USCIS), this program also allows the investor’s spouse and unmarried children under 21 to receive a green card. The EB-5 Visa creates economic outlets not only [...]

July 28th, 2016|INTERNATIONAL TAX|

Don’t Get Caught on Thin Ice: Final Foreign Account Reporting Rules

The U.S. Department of the Treasury and the IRS issued comprehensive final regulations implementing Foreign Account Tax Compliance Act (FATCA) information reporting provisions. Under FATCA, foreign financial institutions (FFIs) —including foreign banks, brokers, insurance companies and investment funds — must disclose to the IRS certain information about their U.S.-owned accounts. These regulations define the solid [...]

March 21st, 2013|INTERNATIONAL TAX|