The Tax Cuts and Jobs Act was sold as a simplification of tax laws and forms.  The IRS recently reminded taxpayers that forms 1040A and 1040-EZ have been consolidated into Form 1040.  On its [...]

Although the transition tax applied to the 2017 tax return, many taxpayers chose to make the payments under an installment agreement, which means it is now time for the second payment.  To make [...]

Around the world, the IRS is very well known and international taxpayers sometimes even know a few of the basic principles of U.S. federal tax.  However, possible state taxation issues, [...]

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 [...]