“Joint Employer” Regulations to Impact Hospitality Owners
The U.S. Department of Labor announced a final rule that interprets joint employer status under the…
New IRA Distribution Rule
As we rang in 2020, the Setting Every Community Up for Retirement Enhancement Act of 2019…
Parking Tax Repealed – The Ordeal Is Almost Over!
A new law was signed recently that repeals code section 512(a)(7), the unpopular tax on most…
New Private Foundation Tax Rate
The new year has brought us the Setting Every Community Up for Retirement Enhancement Act of…
The U.S. Tax Filing Requirements of Foreign-Owned U.S. LLCs
A U.S. limited liability company (LLC) that is owned 100% by one person is classified by…
Significant Retirement Changes under the SECURE ACT
As 2019 came to a close, the president signed into law the SECURE Act, which stands…
Can I Give a Tax-Free Gift to My Non-U.S. Citizen Spouse?
U.S. citizens married to non-U.S. citizens often want to know how much they can give to…
U.S. Individual Shareholders of Controlled Foreign Corporations May Elect to Decrease Tax on GILTI
The Tax Cuts and Jobs Act (TCJA) enacted various U.S. international tax provisions. The new law…
New Standard Increases Flexibility for Agreed-Upon Procedures
The American Institute of Certified Public Accountants’ (AICPA) Auditing Standards Board (ASB) recently issued a new…
U.S. Shareholders of Foreign Corporations and the Moving Target of Form 5471
The 2017 Tax Cuts and Jobs Act (TCJA) enacted significant changes to the U.S. international tax…