Jun 19, 2018 | Firm Updates, International Tax
The United States has income tax treaties with many different countries. These treaties allow for various forms of tax relief or exemption from tax for U.S. citizens and permanent residents. Some examples of treaty benefits are reduced tax rates, exemption from U.S....
Jun 13, 2018 | Firm Updates, International Tax
The IRS recently announced that it will waive certain late-payment penalties related to the Section 965 transition tax. In addition, the IRS provided additional guidance for individuals subject to the Section 965 transition tax regarding the due date for relevant...
Jun 12, 2018 | Firm Updates, Individual Tax, Retirement Planning
The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it did significantly reduce the number of taxpayers...
Jun 11, 2018 | Firm Updates, International Tax
In a previous post, “What Happens When a Professor Goes Overseas on Sabbatical?”, we discussed an example of a professor on sabbatical and looked at two options available to her: 1) use the foreign earned income exclusion, or 2) report all income as...
Jun 7, 2018 | Firm Updates, High Technology, Small Business
If you are the founder of a start-up company, or have invested in one, you may have already heard about Qualified Small Business Stock (QSBS) and the gain exclusion available under IRS Code Section 1202. It has been a hot topic for investors and entrepreneurs for the...
