What Is a Foreign Trust and How Does It Affect U.S. Tax Reporting?
Over the past few decades, the IRS has made an effort to increase awareness of reporting regulations for foreign trusts. If you are a U.S. taxpayer...
Canada Death Tax System vs. USA Death Tax System: A Comparative Overview
“In the Great White North, there’s 5 pin bowling, and in the U.S., there’s 10 pin…” -Bob and Doug McKenzie Funny, but that simple phrase sums up the...
State Tax Nexus Questionnaires: Answer with Care!
“If you ask one question, it will lead you to another, and another, and another. It's like peeling an onion.” ― Lemony Snicket, The End In efforts to...
Transfer Pricing Methods for Intangible Property
In recent years the IRS has focused more heavily on the transfer pricing of intangible property. Section 482 of the regulations provide guidelines so...
Got Intercompany Transactions? Transfer Pricing Under Increased Scrutiny
Does your company have intercompany transactions? Do the transactions cross over multiple foreign local jurisdictions? If you answered yes to either...
Tax Effects of Intercompany Asset Sales: FASB's New Financial Reporting Requirements
ASU 2016-16 Adds Transparency and Simplifies Reporting The presently prescribed method of accounting for income taxes on the sale of assets between...
Funding, Contracts, and the R&D Credit
When you think of the Research and Development (R&D) Tax Credit, you might focus on the technology involved and costs incurred to create or enhance a...
Intercompany Service Agreements: Should You Be Collecting Sales Tax?
Related companies often use intercompany master service agreements in order to allocate common costs of doing business among the related entities....