Press Room: Foreign Tax

May 20, 2012

FBAR vs. Tax FBAR – What’s the Difference?

The Hiring Incentives to Restore Employment (HIRE) Act in 2010 includes the Foreign Account Tax Compliance Act (FACTA), which requires certain individual taxpayers to file Form 8938, Statement of Foreign Financial Assets, commonly referred to

May 21, 2012

10 Year Period to Change Election to Deduct Rather Than Credit Foreign Taxes May Not Apply

In lieu of the three year period that normally applies to filing amended tax returns, taxpayers have generally had 10 years to decide whether to deduct or credit foreign taxes paid (or deemed paid).

May 21, 2012

Update from the UK Tax Desk

In late March, the UK government published the 2012 Finance Bill enacting tax measures announced in the budget a week earlier, with a number of measures that could impact someone considering a move to

September 18, 2012

Bernard to Speak at Tax Executives Institute

Tax Executives Institute is the preeminent association of in-house business tax professionals worldwide. Our members are business executives who are responsible for taxation matters on an administrative or policy-making level, or whose work ...

July 28, 2016

IRS Issues Final Regulations on Country-by-Country Reporting

As expected, IRS issued final regulations regarding new Country-by-Country Reporting (CbCR) requirements for U.S. Multinational Enterprise (MNE) groups effective June 30, 2016. These final regulations formally implement guidelines published by the Organisation for Economic ...

September 06, 2016

November Filing and Tax Payment Deadline for Foreign Persons With Procurement Contracts With U.S. Government Between 2011-2015

On August 18, 2016, the U.S. Treasury Department released final regulations under Sec. 5000C relating to the 2% gross U.S. tax on payments made by the U.S. government to foreign persons pursuant to ...

September 10, 2018

Hawthorne Speaking on Strafford Webinar Panel

Strafford webinars provide individuals including attorneys and accountants with the most recent training and information on a variety of topics to help advance their career and skills. Strafford is holding a ...