May 8, 2017 | Firm Updates, International Tax
In a previous blog we discussed a situation where tax was required to be withheld on profits allocated to LLC investor-members who were nonresident aliens. Today we will look at a situation where a company borrowed money from a foreign parent corporation. Although...
May 1, 2017 | Firm Updates, International Tax
Last week, we mentioned that US tax withholding may be required when a business deals with a foreign entity or individual. Here is an example of a situation that can arise if a business owner is not aware of the additional compliance requirements when there are...
Apr 25, 2017 | Firm Updates, International Tax
Business owners are faced with an enormous amount of rules and regulations. We may understand and even appreciate the reasons behind the laws, but that does not reduce the burden or lessen our stress. Recently there has been much discussion about offshore tax...
Apr 5, 2017 | International Tax
Scholarship or fellowship payments can be compensatory (a payment for services) or non-compensatory (a payment that does not require any services to be performed). Depending on certain factors, they can be taxable, non-taxable, or partially taxable. The determination...
Mar 27, 2017 | International Tax
An overseas sabbatical gives a professor a new perspective and the chance to interact with colleagues in ways not always possible while in the United States. Planning ahead can help ensure the tax consequences and record-keeping requirements of an overseas sabbatical...
Mar 20, 2017 | International Tax
Professors, researchers, trainees, and other non-student individuals who are temporarily present in the United States on a J or Q non-immigrant visa are exempt from U.S. Social Security and Medicare taxes on wages paid to them for services performed within the U.S....