IRS Releases New Guidance on the Repatriation Tax

The IRS released Frequently Asked Questions for the Repatriation Tax on March 13, 2018.  Under FAQ 11, the IRS politely asked all individuals who have a repatriation tax issue not to electronically file Form 1040 until April 2, 2018.  Well, here we are, and [...]

By |2020-03-19T15:32:47-04:00April 3rd, 2018|

The Repatriation Tax – 7 Takeaways

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 from worldwide [...]

By |2020-03-19T15:40:09-04:00January 5th, 2018|

Which State and Local Taxes to Prepay by 12/31/2017?

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 each year [...]

By |2020-03-19T15:41:04-04:00December 22nd, 2017|
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