Revised IRS Rules Require Reporting of Interest Payments to Certain Nonresident Aliens
On April 19th, the Internal Revenue Service (IRS) issued revised Rev. Proc. 2015-50 in connection with information reporting on U.S. bank deposit interest paid to nonresident alien individuals who are residents of any foreign country with which the U.S. has either an income tax treaty or tax information exchange agreement. These rules (which updated the […]
Read full postU.S. Passports May Now Be Revoked or Denied in Case of Certain Unpaid Taxes
On Dec. 4, 2015, President Obama signed the Fixing America’s Surface Transportation Act (H.R. 22). Current law allows the State Department to refuse to issue or renew a passport if the applicant owes child support in excess of $2,500 or owes certain types of federal debts. The law does not extend to the rejection or […]
Read full postArchived Articles
- Identifying and Reporting the Proper Taxpayer in International Structures
- Preserving the Community Property Character of Marital Assets When Moving To The United States
- Proposed Legislation Once Again Seeks to Alter the United States Expatriation Rules
- Foreign Spousal Rights and Investment in the United States
- Are You Contemplating U.S. Income Tax Residency Status? If so, Plan Accordingly
- U.S. Income Tax Withholding and Beneficial Ownership, Caribbean Today, June 2007
- The Impact Of An Installment Sale And The Potential Branch Profits Tax Liability For Any Foreign Corporation Doing Business In The U.S.
- Foreign Life Insurance Trusts – More Bang for the U.S. Buck?
- Taxation of the Internet–A Work in Progress That Doesn’t Yet Work
- Irrevocable Life Insurance Trusts Have Potential Tax and Estate Planning Benefits
- Final Domestic v. Foreign Trust Status Regulations Include Significant Changes
- The Florida Intangibles Tax–A Less Evil?
- Like Kind Exchanges Can Defer Tax On U.S. Real Estate Sales
- Do You Have Business Profits From a United States Permanent Establishment?
- Offshore Wealth Preservation Trusts–The Anderson Case
- U.S. Tax Considerations of Foreign Investment in U.S. Real Estate
- Just Off The Boat, Trust Fund in Hand