Technical Tax Blog

 

 
New Reporting Requirements by Foreign Owned
Disregarded Entity 

 


On December 13, 2016, The United States (US) Treasury Department (Treasury) and Internal Revenue Service (IRS) issued final regulations (TD 9796) that treat domestic disregarded entities wholly owned, directly or indirectly, by foreign persons as domestic corporations solely for purposes of....

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International Tax - Current FBAR Guidance

The FBAR form filing date will be aligned with annual income tax filing deadline of April 15 starting in tax year 2016. On July 31, 2015, President Obama signed a three-month highway funding extension bill called...

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International Tax - IRS Power To Revoke Passports Signed
Into Law

The passport provision is now official, as President Obama signed the 5-year infrastructure spending Bill. It adds a new section 7345 to the Internal Revenue Code. It is part of H.R. 22 – Fixing America’s Surface Transportation Act..

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International Tax – New Streamlined Filing Compliance
Program

As reflected below, the streamlined filing procedures that were first offered on September 1, 2012 have been expanded and modified to accommodate a broader group of U.S. taxpayers...

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