201712.29
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Foreign Trust (3520A) – U.S Agent & Confidentiality | IRS Trust Reporting

Foreign Trust (3520A) – U.S Agent & Confidentiality | IRS Trust Reporting Form 3520-A Form 3520-A is an Annual Information Return of Foreign Trust With a U.S. Owner. We represent numerous clients worldwide who have offshore trusts or foreign trusts. Typically, these clients may have a foreign trust in a country such as New Zealand,…

201712.27
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Subpart F (2018) – IRS Tax Rules on Certain Foreign Corporation Income

Subpart F (2018) – IRS Tax Rules on Certain Foreign Corporation Income Subpart F Subpart F income is one of the biggest international tax headaches to plague any U.S. person involved in a CFC (Controlled Foreign Corporation). Once you realize you are in the cross-hairs of a potential CFC issue, it is crucial to engage in…

201712.25
1

U.S. Tax Fundamentals for the Sale of Foreign Real Estate

U.S. Tax Fundamentals for the Sale of Foreign Real Estate This is a common question we receive often. Namely, a person owns property in a foreign country which has increased exponentially in value. Thereafter, at some time in-between the time they purchased the property, and the time they sell the property they became a US…

201712.22
1

Form 8300 (Reduce the Risk of IRS Penalties for Cash Payments)

Form 8300 (Reduce the Risk of IRS Penalties for Cash Payments) Form 8300 is an important form for individual who own businesses, and receive payments of more than $10,000 (it does not need to be $10,000 at one specific transaction. Filing the 8300 with the IRS should be a pattern and practice for any business…