Aug 27, 2021 | International, Tax
The Framework, released by Finance Chairman Wyden and Senators Brown and Warner on August 25, outlines options for making changes to US international tax provisions enacted as part of the 2017 Tax Reform Act (the 2017 Tax Cuts and Jobs Act, or the 2017 Act)....
Jul 20, 2021 | Audit, CFO Essentials, HNWI, International
Jeremy Dillard, SingerLewak Audit Partner based in Woodland Hills, was recently featured in Financial Management Magazine speaking on the complications surrounding resuming business travel during the ongoing COVID-19 influenced landscape. You can read the full article...
Jan 19, 2021 | International, Tax
If an individual is an alien (not a U.S. citizen), they are considered a nonresident alien unless they meet one of two tests. They are a resident alien of the United States for tax purposes if you meet either the green card test or the substantial presence test for...
Jan 7, 2021 | Entrepreneur & Family Owned Businesses, Family Owned Businesses, International, Tax
Exemption For U.S. citizens and U.S. domiciliaries – the maximum estate tax rate is 40 percent with an exemption amount for 2021 of $11,700,000, indexed for inflation. For non-U.S. domiciliaries subject to the U.S. estate tax – the maximum estate tax rate is...
Sep 11, 2020 | International, Tax
By Michael Wu, CPA, CGMA U.S. persons have legal duty to fully comply with U.S. tax laws which include Foreign Bank Account Reporting (“FBAR”) and other foreign information tax returns. This article will discuss the FBAR and most common foreign tax filing requirements...
Jul 29, 2020 | International, Tax
The BE-10 Benchmark Survey is due every five years. It applies to U.S. individuals or entities that had a direct or indirect ownership or control of at least 10 percent of the voting stock of an incorporated foreign business or an equivalent interest in an...
