State sales tax rules can surprise businesses that sell into the U.S. While treaties between the U.S. and a business’s native country make federal tax laws fairly straightforward, taxes on the sale of products and services can vary widely among jurisdictions. Not every state imposes sales taxes, and those that... Read more
Kevin J. Hedrick | August 9, 2018 | Categories: International, Tax, Blog
What is OVDP? The Offshore Voluntary Disclosure Program (OVDP), the IRS program that has offered relief from criminal penalties to taxpayers who report previously undisclosed overseas assets, will end on September 28, 2018. After that, taxpayers with undisclosed foreign financial assets could face significant jail time in addition to... Read more
Election to Treat Repatriated Foreign Profits Separately from Domestic Losses By Todd Koransky, CPA Most owners and executives of U.S. companies with foreign subsidiaries know about the new deemed repatriation rules, which require them to include previously untaxed foreign profits on their 2017 U.S. tax return. But many people... Read more
David A. Nash | March 6, 2018 | Categories: International, Tax, Blog
By David A. Nash, CPA The Tax Cuts & Jobs Act (TCJA) has been the law for just over two months and U.S. tax accountants are in “busy season” completing 2017 tax returns. Most of the provisions of the tax overhaul apply beginning with the 2018 tax year,... Read more
