Foreign-derived intangible income (FDII) deduction, IRC 250 currently allows U.S. C corporations a reduced tax rate for income from goods and services sold to foreign customers. FDII was enacted with the Tax Cuts and Jobs Act of 2017 (TCJA), which reformed the U.S. system for taxing international corporate income. Read this post-election outlook for FDII.
As more and more Americans consider retiring abroad, it's important to understand the tax implications of living in a foreign country after leaving the workforce. Whether you're moving to take advantage of a lower cost of living, a warmer climate, or a different cultural experience, retiring abroad can have significant tax consequences. The US tax system is unique in that it taxes its citizens on their worldwide income, no matter where they reside. Learn what the key tax considerations are for US citizens who plan to retire overseas.
Learn more about why it's important to understand the GILTI calculation and how it specifically interacts with your foreign corporate investments.
Today’s U.S. companies are finding many benefits to hiring remote employees from around the globe. However, along with those benefits come a myriad of tax compliance considerations. learn about a few of those considerations and practical solutions so companies can proactively prevent problems and ensure compliance.
Cross-border transactions between related parties have become one of the more controversial issues in international taxation. Learn why an understanding of transfer pricing and the related compliance requirements is essential for all sizes of multinational companies.
Foreign companies entering the U.S. market should understand the SOC 2 and PCI DSS cybersecurity standards. Learn more about why they are what is required to stay complaint.
U.S. businesses that expand internationally must address a variety of tax-related implications. Understand key terms and considerations about income tax treaties.
The U.S has more than 60 tax treaties with foreign countries who are trading partners. Tax treaties can benefit individuals by clarifying their tax obligations, reducing tax burdens, and simplifying cross-border economic activities.
The 2017 Tax Cuts and Jobs Act (TCJA) spurred transformative change for tax treatment and introduced IRC 1446(f) of the Internal Revenue Code (IRC). This article addresses Section 1446(f) withholdings and outlines exceptions to this withholding that are available.
House Ways & Means Committee Chairman Jason Smith (R-MO) and House Tax Subcommittee Chairman Mike Kelly (R-PA) recently announced the formation of 10 "Committee Tax Teams". Each team will address key tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) that are set to expire in 2025 and identify legislative solutions.
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