A frequent audit issue for businesses is employee v. independent contractor.  The results can be very burdensome because an incorrect classification can cause back taxes and penalties.  The [...]

The GILTI tax was implemented for tax years beginning after December 31, 2017, which means that this is the first tax season where GILTI must be considered.  As the law is flushed out on actual [...]

In the past, with a tax rate of 35%, C Corporations were usually not a favorable option for tax purposes when choosing an entity.  At that time, for a corporation to pay tax at a rate of 35%, [...]

This week, we had the honor, along with our Mexican colleague Jorge Pickett, to host Irish Ambassador to Mexico, Ms. Barbara Jones.  The Ambassador visited to discuss business opportunities [...]

Last year, the IRS began a policy of notifying the State Department of “seriously delinquent taxpayers.”  To be considered in this category, a taxpayer must have $52,000 or more of back taxes, [...]

Although tax returns are not due until after year end, payment of tax is actually due to be paid thorough the year.  This is done either through withholding in your paycheck, or by making [...]

Just after the New Year, I took a trip to Dubai and Abu Dhabi to meet with clients and contacts.  The welcoming and hospitality was overwhelming.  These two cities definitely have all the new age [...]

As part of the Section 965 transition tax, there was the option to elect a penalty free and interest free installment agreement to pay the taxes over 8 years.  While the first two payments were [...]

The most common question I get during international meetings and presentations revolves around the W-8 series of forms.  The question arises under two situations: 1) Taxpayer is opening a new [...]

Now that the IRS has closed the Offshore Voluntary Disclosure Program, it has issued new guidance on how voluntary disclosures should be handled going forward.  See full text here:  OVDP Process [...]