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.
Expatriation – The Disillusioned Part I
Over the last couple of weeks we have been discussing the expatriation process. A citizen or long-term resident who wishes to permanently sever ties with the United States (i.e. expatriate) must take certain legal steps and pay any taxes due to the United States....
Expatriation – The French Vintner
Last week we discussed the process of abandoning U.S. citizenship or lawful permanent resident status. This expatriation process involves legal steps as well as related tax filings. Depending on the financial status of the expatriating taxpayer, an expatriation tax...
Expatriation – It’s Not So Easy to Leave the United States
An expatriate is generally defined as someone who has withdrawn from residence in, or allegiance to, one’s native country. But the tax code defines an expatriate a bit more specifically as any U.S. citizen who relinquishes his or her citizenship, or any long-term U.S....
Tax Withholding When Business Activities Involve International Entities and Individuals: The Swiss Employee
We recently discussed two situations where US tax withholding was required for transactions between a US business and foreign persons. The first was a situation where investors in an LLC were nonresident aliens. The second dealt with interest being paid to a foreign...
Tax Withholding When Business Activities Involve International Entities and Individuals: The Intercompany Loan
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...
Tax Withholding When Business Activities Involve International Entities and Individuals: The Foreign Investors
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...
Tax Withholding When Business Activities Involve International Entities and Individuals
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...
When Is a Scholarship or Fellowship Taxable?
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...
What Happens When a Professor Goes Overseas on Sabbatical?
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...
Foreign Professors, Scholars, and Researchers: Income Exclusions
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....