Mar 7, 2019 | Firm Updates, International Tax
International tax forms sometimes have separate due dates that do not coincide with the most well-known deadline, April 15. It is important to be aware of these other due dates, as they can carry substantial late filing penalties. Here are a few international-related...
Feb 25, 2019 | Firm Updates, International Tax
This article was originally published in the Central New York Business Journal. The Tax Cuts and Jobs Act of 2017 added many new acronyms to tax advisers’ vocabularies. A few of the new acronyms in the international arena are GILTI, FDII, BEAT, DEI, and QBAI. Some of...
Feb 11, 2019 | Firm Updates, International Tax
Most countries have a tax system in place to pay for national needs and government services, but the methods and rules vary greatly from country to country. The United States handles income taxes in a very specific way—one that might be unfamiliar to those who are not...
Jan 14, 2019 | Firm Updates, International Tax
At the end of each year, the IRS adjusts certain tax items to account for inflation. The 2019 inflation adjustments were recently announced for more than 60 tax items. Of those, here are some of the adjustments related to international tax items: Inflation Adjustments...
Dec 27, 2018 | Firm Updates, International Tax
The Tax Cuts and Jobs Act (TCJA) includes sweeping changes to international tax law. In light of these changes, the IRS is working on adding and updating tax forms and schedules to reflect the new provisions of the TCJA. Some of the forms have been released as drafts...