When it comes to transactions between family members, the tax laws are frequently overlooked, if not outright trampled upon. The following are three commonly encountered situations and the tax ramifications associated with each. Renting to A Relative – When a...
According to the paper published by the Yale Journal on Regulation Bulleting , Vol. 36, 2018 by SeanP McElroy, the mandatory «repatriation tax is unconstitutional. In late 2017, Congress passed the first major tax reform in over three decades. This Essay considers the...
Passive Foreign Investment Company (PFIC) A foreign entity/form of investment is a PFIC if it meets either the income or asset test described below. Income test. 75% or more of the corporation’s gross income for its taxable year is passive income (as defined in...
The Internal Revenue Service has debuted a prototype of the new Form 1040 that hundreds of millions of Americans use to file their annual taxes. The new «postcard sized» form will be used for the 2018 income tax year, which most Americans will file by April 15, 2019....
April 26th – Thursday 19:00 at Sagardoy Abogados (c/Tutor, 24 – Madrid) American Club of Madrid (ACM) NEED TO KNOW SEMINAR. Everything you need to know about taxes in Spain and in the U.S.A. for your tax returns 2017 for US citizen’s residents in Spain. Form...
Comentarios recientes