Jan 30, 2018 | Firm Updates, International Tax
Having foreign accounts and wading through the reporting requirements can be a daunting task. This week we hope to shed some light on two of the more common forms and when you need to file them. FinCen 114, also known as the FBAR (which stands for Foreign Bank Account...
Jan 30, 2018 | Firm Updates, Individual Tax, Tax Tips
Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, even fewer taxpayers will be eligible for a home office deduction. Changes under the TCJA For employees, home...
Jan 23, 2018 | Firm Updates, International Tax
Different countries implement taxes differently, and in a global economy, these differences create gaps and mismatches in tax rules. Some multinational companies use these differences as a means to shift profits to low or no-tax locations. These tactics are referred...
Jan 16, 2018 | Firm Updates, Individual Tax, Tax Tips
Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But that doesn’t necessarily mean your income tax liability will go down. The TCJA also makes a lot of changes to tax breaks for individuals, reducing or...
Jan 15, 2018 | Firm Updates, International Tax
The dust has settled and we now have the Tax Cuts and Jobs Act, 185 pages of new tax code accompanied by 500 pages of conference committee explanations. Most of the new legislation is effective for tax years beginning in 2018, so it may be tempting to wait until the...
