Do you have a 10% or more interest in a foreign corporation? If so, then you may have a repatriation tax issue on your 2017 (not 2018!) tax return. Under the new tax legislation, the United States is shifting international corporate taxation [...]
On November 27, 2017, the engagement of Prince Harry and Meghan Markle was announced to the press. Prince Harry asked Markle to marry him in London, and the couple recently set the wedding date for May 19, 2018. Ever since the engagement [...]
December 22, 2017 As you may know, today the President signed into law the most sweeping tax legislation in a generation. Among the changes, starting in 2018, the new legislation limits the amount of state and local taxes that individuals may deduct [...]
November 15, 2017 As this article went to press, the Senate was modifying its tax reform bill, which is now expected to include repeal of the Affordable Care Act's individual mandate. Additional tax changes are also expected, including full repeal of the estate tax. [...]
The U.S. Internal Revenue Service (IRS) has been raging a battle against Coinbase to obtain the identities of users of convertible virtual currencies (CVCs), like Bitcoin., This battle is being closely watched worldwide, as it touches on hot button issues—privacy of Bitcoin [...]
Founded in 1909, Williams Mullen has 230 attorneys, a national and international practice and a focus on representing foreign companies in connection with their direct investments in the United States, whether by acquisition (M&A), joint venture or the setting up of a [...]
Equifax, one of the leading consumer credit reporting companies, recently revealed that it fell victim to a cyber attack earlier in the year. Early reports indicate the data breach compromised over 140 million individuals’ confidential information. This was a big one. Stealing [...]
Are you a U.S. nonresident? Do you own a U.S. Limited Liability Company (LLC)? Are you the only owner of the LLC? If so, under new IRS regulations, you may have to file Form 5472 annually with the IRS—even if you do [...]
On August 14, 2017, TWG International Tax Director Mishkin Santa interviewed UK advisor Mark Summers on hot topics in U.S.-UK taxation. In the first part of this two-part series, Summers addresses common tax planning considerations. What are some common tax planning strategies [...]
The IRS appears intent on the continued crackdown of U.S. persons who have failed to properly report their full worldwide income and foreign financial assets to the U.S. government. Consolidation of Elite Specialists in Foreign Asset and Income Reporting On August 2, [...]
ABOUT US. The Wolf Group thrives as an international tax accountant firm. Every year we help hundreds of clients. And unlike most CPA firms in the United States, you won’t find us doing accounting, bookkeeping, or audit/attestation. We just deal with international tax matters — it’s who we are and what every member of our team does daily.
The Wolf Group, P.C.
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