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.
Disclaimer: The information in these blog posts is provided for general informational purposes only and is not intended to substitute for accounting, tax, or financial advice from a professional accountant. While we use reasonable efforts to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this blog is current or error free. No part of this communication is intended to be used for the purpose of avoiding penalties under U.S. federal tax law.
What U.S. Tax Reporting Is Required of Foreign Students?
Foreign students who are temporarily in the United States on an F, J, M, or Q visa for the primary purpose of studying at an academic institution or vocational school have special privileges. These visa types provide the holder with an exemption from the substantial...
Special Tax Issues Faced by Students, Scholars, and Professors
Life in a college town is filled with intellectual and cultural richness that enhances the lives of the residents and the community at large. A college town is also filled with students, scholars, and professors from faraway places and others who may travel abroad to...
Linda Bruckner Publishes Article on U.S. Tax Implications of Working Overseas
Please click here to read Linda’s Bruckner’s article “U.S. Tax Implications of Working Overseas—What You Need to Know.” This article originally appeared in the March 2017 TaxStringer and is reprinted with permission from the New York State Society of Certified Public...
Forms Corporations Might Need to File in Relation to International Issues: W-8 Series
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...
Forms Corporations Might Need to File in Relation to International Issues: FBAR
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...
Forms Corporations Might Need to File in Relation to International Issues: Form 5472
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%...
Filing Requirements for Corporations with International Issues
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...
Partner Linda Bruckner Publishes International Tax Article in the NYSSCPA TaxStringer
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...
Owning Property in a Foreign Country: Reporting Requirements
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...
Owning Property in a Foreign Country: Gifting Considerations
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...