Jan 13, 2020 | Firm Updates, International Tax
It’s that time of the year again! The IRS has issued its 2020 inflation adjustments. Just like last year, we will provide you with an overview of the adjustments related to international tax items for tax year 2020. Please feel free to hop over to our 2019...
Nov 25, 2019 | Firm Updates, International Tax
People and businesses in the U.S. oftentimes receive personal loans from people they know. The loans may be from family or friends, or from a business. Sometimes the loan will be from an individual who lives outside of the U.S. and is not a U.S. citizen, or from a...
Jun 18, 2019 | Firm Updates, International Tax
Back in March, Sciarabba Walker’s international tax blog covered a new U.S. revenue stream created by the Tax Cuts and Jobs Act (TCJA) of 2017 – global intangible low-taxed income (GILTI). On June 14th, the IRS issued final regulations providing guidance...
May 31, 2019 | Firm Updates, International Tax
By Linda M. Bruckner, CPA On May 17th, I had the privilege of meeting with my PrimeGlobal international tax colleagues in Chicago to discuss various issues important to our clients. The PrimeGlobal association of independent accounting firms is a worldwide...
May 7, 2019 | Firm Updates, International Tax
While most individual U.S. tax returns are due on April 15, U.S. citizens and resident aliens living abroad have a special filing deadline of June 15. Taxpayers qualify for this filing deadline if their tax home and abode are both outside the United States and Puerto...
Apr 1, 2019 | Firm Updates, International Tax
Cryptocurrencies have been in the news a lot recently, mainly because of wide fluctuations in value. Since the meteoric rise and fall of Bitcoin (the most popular cryptocurrency), many people are considering investing in cryptocurrency. There may be foreign reporting...