Category

International

InternationalJune Tax Newsletter
June 25, 2018

IRS Ending Offshore Voluntary Disclosure Program for Persons with Foreign Financial Accounts

By: Michael Fejes, Manager, International Tax Services On March 13, 2018, the IRS announced that it will be ending the Offshore Voluntary Disclosure Program (“OVDP”) effective September 28, 2018, for U.S. Persons (U.S. citizens and…
Read More
April Tax NewsletterInternational
April 13, 2018

International Tax – Impact of §965 on Subchapter S Corporations

HR1, also known as the “Tax Cuts and Jobs Act” (“the Act”), imposes a one-time transition tax on U.S. Shareholders of Specified Foreign Corporations (“SFC”), including S corporations, through a mandatory repatriation as set forth…
Read More
InternationalMarch Tax Newsletter
March 2, 2018

INTERNATIONAL – Are You Subject to One-Time Transition Tax on Deferred Foreign Income?

Are You Subject to the One-Time Transition Tax on Deferred Foreign Income? New Modified Stock Attribution Rules May Cause Certain Foreign Corporations to be Treated as CFCs That Would Not Otherwise Have Been Under the…
Read More