A common misconception is some variation of clients thinking it will be a problem if they invest through the Cayman Islands or open a bank account in Switzerland.  With the fall of the Swiss [...]

At the end of September, I spent two weeks in Hong Kong, which sandwiched in the typhoon, making presentations and meeting with contacts and clients.  As always, I wanted to share some of the [...]

With the current OVDP program ending in September, many taxpayers are either wondering what’s next, or just now realizing they have international reporting requirements and that they may have [...]

The Tax Cuts and Jobs Act created a lot of uncertainty around the meals and entertainment deductions.  Recently, the IRS has issued some informal guidance regarding the rules, but in some cases, [...]

As many taxpayers move past the transition tax and other provisions that needed to be addressed immediately, next on the list are the foreign-derived intangible income deduction (FDII) and the [...]

For years the highest corporate tax rate and individual tax rate were very close.  Taxpayers wanting to accumulate wealth would usually choose a passthrough type entity in order to pay the [...]

The transition tax is not optional The transition tax is law under Internal Revenue Code Section 965.  It cannot be avoided and must be reported with the 2017 tax return.  If you have been [...]

Regardless of the outcome, guilt or reasoning behind the Paul Manafort trial, it illustrates a very important point.  Not properly reporting international taxes is not only a serious crime, but [...]

After determining the taxable base, the next step is to determine the correct tax rate to apply. Income Tax Income tax is broken down into two categories, passive and active income (see here for [...]

By now, many taxpayers are figuring out the need and the methodology to file and pay the transition tax.  However, there may be problems into the future as this law continues to appear to be [...]