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foreign tax issues

Section 951A GILTI Tax Avoidance: Ten Tricks

December 13, 2018 By Beth Nelson CPA

Picture for Section 951 GILTI tax blog post showing a tiny glass globe against background of currency

And what's worse? Many of these folks don't even know yet that they have to deal with a new tax. No kidding, this could get ugly. … [Read more...] about Section 951A GILTI Tax Avoidance: Ten Tricks

Filed Under: business taxes, Corporate taxation, foreign tax, foreign tax issues, individual income taxes

Section 962 Election: An Answer to GILTI?

November 19, 2018 By Beth Nelson CPA

Double exposure of city and rows of coins for finance and banking concept

As you probably know if you’re reading this blog post, many investors and entrepreneurs with an international footprint face a painful new tax, the … [Read more...] about Section 962 Election: An Answer to GILTI?

Filed Under: business taxes, Corporate taxation, foreign tax, foreign tax issues, GILTI, individual income taxes

Do You Owe the Section 965 Transition Tax?

November 8, 2018 By Beth Nelson CPA

currency from various countries

For either 2017 or 2018, many U.S. taxpayers with an interest in a foreign corporation owe(d) the § 965 transition tax. However, the new rule arrived … [Read more...] about Do You Owe the Section 965 Transition Tax?

Filed Under: business taxes, Corporate taxation, foreign tax, foreign tax issues, individual income taxes

Will Your Small Business Owe GILTI Tax?

November 6, 2018 By Beth Nelson CPA

Foreign currency, 2018 in wooden blocks, and a calculator in the background.

A prediction for the coming tax season: GILTI taxes will blindside some small business owners operating internationally. Many small business owners … [Read more...] about Will Your Small Business Owe GILTI Tax?

Filed Under: business taxes, Corporate taxation, foreign tax, foreign tax issues, individual income taxes

Section 965 Transition Tax, IRS Pub 5292 and the Great Goat Rodeo

August 1, 2018 By Beth Nelson CPA

Goats graze in an argan tree - Morocco, North Africa. An apt image for a discussion of the Sec. 965 transition tax.

Most of the time, this blog addresses subjects of general interest to most small business owners. But this week, I want to talk about the Section 965 … [Read more...] about Section 965 Transition Tax, IRS Pub 5292 and the Great Goat Rodeo

Filed Under: foreign tax, foreign tax issues

International Tax Reform: Key Changes from the Tax Cuts and Jobs Act

February 5, 2018 By Stephen Nelson CPA

International tax reform blog post image

Editor's note: This week, CPA Moses Man discusses elements of the Tax Cuts and Jobs Act related to international tax reform, focusing on those tax law … [Read more...] about International Tax Reform: Key Changes from the Tax Cuts and Jobs Act

Filed Under: foreign tax, foreign tax issues

Reporting a Foreign Business Investment

March 14, 2016 By Beth Nelson CPA

globe and bar chart with different countries listed

The first thing we need to say is that if you’re an entrepreneur or business owner operating internationally, you need to be really careful about … [Read more...] about Reporting a Foreign Business Investment

Filed Under: business taxes, Corporate taxation, foreign tax, foreign tax issues

Excluding Foreign Income from U.S. Taxes

March 7, 2016 By Beth Nelson CPA

man showing foreign currency in pocket

We get a lot of questions from people who earn money outside the United States and wonder how, and if, U.S. income taxes can be avoided. For this … [Read more...] about Excluding Foreign Income from U.S. Taxes

Filed Under: business taxes, foreign tax, foreign tax issues, personal finance

U.S. Tax Rules for Nonresident Aliens

February 29, 2016 By Beth Nelson CPA

1040NR-EZ form with pen, notepad, and dollars

If you’re new to the U.S. system of taxation, you’ll find the situation pretty confusing. The U.S. system of taxation (and we say this as tax … [Read more...] about U.S. Tax Rules for Nonresident Aliens

Filed Under: foreign tax, foreign tax issues, personal finance

Your CPA versus TurboTax

January 25, 2016 By Stephen Nelson CPA

Picture of CPA wearing boxing gloves

Because we’re CPAs, we get people asking us a lot about when someone can and can’t use TurboTax or a similar product to self-prepare a tax … [Read more...] about Your CPA versus TurboTax

Filed Under: business taxes, foreign tax issues, Software

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Featured Posts

Inflation Reduction Act: What Every Real Estate Investor Should Know

On Sunday morning, the U.S. Senate passed the Inflation Reduction Act (H.R. 5376). Assuming the House passes an identical bill this Friday (and Nancy … [Read More...] about Inflation Reduction Act: What Every Real Estate Investor Should Know

Twenty-first century entrepreneurs follow different rules

Human Capitalists in the Twenty-First Century

I reread a great research paper recently: “Capitalists in the Twenty-first Century,” from the economists Matthew Smith, Danny Yagan, Owen M. Zidar and … [Read More...] about Human Capitalists in the Twenty-First Century

employee retention credits for professional service firms

Employee Retention Tax Credits Still Windfall for Professional Service Firm Owners

Okay, you’ve already heard at least a little bit about employee retention tax credits. These credits, part of the COVID-19 relief provided by … [Read More...] about Employee Retention Tax Credits Still Windfall for Professional Service Firm Owners

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