International Tax Blog
Welcome to the Sciarabba Walker International Tax Blog! We will be sharing original, informative, engaging content that examines a variety of international tax issues as they relate to individuals and businesses. Our International Tax Group stays up to date on the latest rules and regulations that affect our international tax clients. We are committed to assisting our clients on tax reporting issues related to the ownership of foreign assets, receipt of income from abroad, foreign financial transactions, and more.
Check out our blog for helpful tips, analysis, and examples of the issues that affect clients and how we are able to assist. And feel free to reach out to us anytime—we are here to help.
The final form we will discuss as part of our blog series on corporate international tax issues is Form W-8. These are a series of IRS forms that are used by foreign individuals or entities to document their foreign status or make a claim of treaty benefits (if...read more
This week we continue our review of some of the tax forms that corporations with international issues might need to file. Form 114—Report of Foreign Bank and Financial Accounts (FBAR) may be familiar to some as a possible filing requirement for individuals, but it...read more
The first form we will discuss in this blog series is Form 5472—Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade of Business. This form is required to be filed by U.S. corporations that have at least 25%...read more
The globalization of business has created many opportunities for companies to grow and expand internationally. Doing business in other countries is no longer reserved for giant, multinational public companies; it is now a reality for many small- to medium-sized...read more
Please click here to read Linda's Bruckner's article "Tax Implications of Purchasing Real Estate from a Foreign Person—What You Need to Know." This article originally appeared in the February 2017 TaxStringer and is reprinted with permission from the New York State...read more
Recently we have been examining some of the issues that can arise with the ownership of foreign real estate. Here is the last situation we will discuss in this series: A married couple, both U.S. Green Card holders, owned rental property in their country of...read more
Recently we’ve been discussing some of the issues that can arise with the ownership of foreign real estate. Here is another situation we encountered: Clients owned a vacation home in Canada which they and their children had enjoyed for many years. As part of their...read more
Last week we discussed some of the issues that can arise with the ownership of foreign real estate. Here is one situation we encountered: A decedent died owning land in the Dominican Republic. The executor was unable to locate the appropriate documentation to prove...read more
As we continue to endure the long winter, many of us start dreaming of trips to a summer cottage or cabin out of state for some quiet relaxation—or we start to gear up for renting out a summer property to vacationers. Although there are estate and income tax...read more