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…
New Description of Materiality for Audit and Attest Engagements
The American Institute of Certified Public Accountants’ (AICPA) Auditing Standards Board (ASB) recently issued a new…
GSA’s MAS Consolidation: Refresh and Mass Mod Coming in January
The new year will bring more changes for GSA’s consolidated Multiple Award Schedule (MAS) – the…
SECURE Act Finally Becomes a Reality
After some delay and with great anticipation, the Setting Every Community Up for Retirement Enhancement (SECURE)…
Navigating S Corporation and Partnership Loss Planning Rules and Limitations
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), the largest tax overhaul…