Recent Entries

• Atlanta International Tax Consulting & Irs Dispute Resolution S

  by Craig Wall November 28, 2021
  Our New York City expatriate tax advisors provide a range of expat and foreign national tax planning and compliance services designed to help international employees reduce taxes, comply with tax filing requirements and avoid penalties and audits. FJV is a Boston, MA CPA firm with over 25 years of e...

• Gilti Calculations For Individual Cfc Shareholders

  by Craig Wall November 18, 2021
  Shareholder of a CFC with GILTI income that is subject to a 25% foreign income tax would incur tax in excess of 55% after considering federal, state, and Net Investment Income taxation. The 962 election and the benefits of the Section 250 deduction may not be a panacea for all individual shareholder...

• How To Sell What Are The Taxation And Offshore Asset Protection

  by Craig Wall November 18, 2021
  A taxpayer usually is subject to the AMT if taxable revenue, plus any changes that apply, totals more than the AMT exemption quantity. Chamber of Commerce. Of course, not all proposals affecting enterprise are tax hikes. Currently, taxpayers in the highest bracket are taxed at 39.6%, plus could be ...

• About Form 8938, Statement Of Specified Foreign Financial Asset

  by Craig Wall November 18, 2021
  US$ cash held in a Canadian financial institution No clear guidance has been provided by CRA regarding put options which have been sold. However, the seller of a put option has an obligation to purchase a property at the option of the buyer. Since the sale of a put option does not confer on the sell...

• Foreign Asset Reporting Requirements

  by Craig Wall November 18, 2021
  A U.S. person may need to report a foreign retirement plan on one or more information reporting forms. The forms which are most commonly associated with tax problems areform 8938 and FBAR.FBAR, on the other hand, is required of all US citizens and resident aliens who have fiscal foreign accounts whi...