Improving offshore compliance has been a top priority of the Internal Revenue Service (IRS) for some time now. Because of this, people's ability to avoid detection is almost impossible,...
Posted by Omni Fidelity Associates on 02/08/2018
5.3.1[a] U.S. Taxation of Foreign PersonsThe U.S. tax treatment of foreign persons and foreign-related transactions depends primarily on three criteria:1 – Whether the income earned...
For a variety of investors who are looking to diversify their portfolio, it can go beyond just choosing investments in a variety of industries. This can include investing in a global...
Planning for outbound transactions...
Posted by The Accounting and Tax on 02/11/2016
Taxes will always be a headache. No matter how familiar you are with the tax laws you will never really be up for Caesar's gnawing demands. The Brian Walsh in Mahwah NJ, we know how...
Currency translation issues:Foreign branches and subsidiaries keep their books and records in the currency of host country.Parent companies in USA are required to compute their taxable...
Posted by The Accounting and Tax on 01/27/2016
If you’re looking to save money this tax season, itemizing deductions claimed on your taxes can the way to go. One problem that we see often is that because there’s often SO many...
Tax Write OffsMillions of tax payers over pay their taxes every year because some of them are unaware of the tax deductible elements while a few of them overlook the items. But as...
USA will only tax foreign business earnings if it repatriates it to USA through dividends. This policy is known as “deferral”. Deferral creates an opportunity for avoiding...
Posted by The Accounting and Tax on 01/10/2016