How to Open a Business in the USA as a Non-Resident
The United States of America is an excellent setting for business expansion because the expression "American Dream" did not appear by chance. For
Source: tribuneonlineng.com
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Converting an LLC to an S Corporation: A Mistake Waiting to Happen | Hinckley Allen
Limited liability companies (LLCs) offer significant tax flexibility – for one thing they can elect to be treated as disregarded entities, partnerships, C corporations, or S...
United States Small Business Corporation S Corporation Eligible Shareholders Negative Tax Capital Account Single Class Entity Classification Election
Source: jdsupra.com
IRS Extends Use Of Some Pandemic-Era Technology Provisions
During the pandemic, the IRS had no choice but to begin to move towards new technologies—including accepting digital signatures. Now, theyre extending those provisions.
Doug Odonnell Taxpayer Advocate Service Office Of Appeals Dougo Donnell Internal Revenue Manual Identity Assurance
Source: forbes.com
Tax Considerations For A U.S. Holder Of Bare Legal Title In A Usufruct Arrangement - Corporate Tax
Ask parents why they work as hard as they do, and many will answer that it is to give their children a better future. For some, this involves sending their children to foreign countries...
Source: mondaq.com
Tax Court In Brief | Ismail v. Comm'r | Foreign LLC For U.S. Tax Purposes; Substantiation Of Schedule C Expenses; Section 274 - Tax Authorities
Freeman Law's "The Tax Court in Brief" covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose.
Source: mondaq.com
Tax Court in Brief | Ismail v. Comm'r | Foreign LLC for U.S. tax purposes; Substantiation of Schedule C Expenses; Section 274 | Freeman Law
Short Summary:  The case discusses the tax classification of a foreign corporation for U.S. tax purposes and the substantiation of various business expenses such as vehicle, travel, and...
Source: jdsupra.com
IRS Provides More Guidance On
In a previous post, we highlighted guidance released by the IRS on the topic of "relevance" and some of the implications it had in the pre-immigration planning context.
Entity Classification Election Irs Provides More Guidance On Quot Relevance And Foreign Entities Making Check The Box Elections Tax Authorities
Source: mondaq.com
IRS Extends Temporary Use of Electronic or Digital Signatures until 2023 | Morgan Lewis
The US Internal Revenue Service has extended its temporary approval of accepting electronic or digital signatures on certain IRS forms until October 31, 2023, and has expanded the list...
Morgan Lewis Revenue Service Foreign Sales Corporation Interest Charge Domestic International Sales Us Income Tax Return For Cooperative Associations Casualty Insurance Company Income Tax
Source: jdsupra.com
IRS Extends Temporary Use of Electronic and Digital Signatures for Certain IRS Forms Until December 31, 2021 | Morgan Lewis
As highlighted in a prior September 10, 2020 LawFlash on this same topic, the IRS had announced on August 28, 2020 the temporary approval of the use of digital signatures in a news release ( IR-2020-194, the News Release). This News Release allowed a limited number of IRS forms to be digitally signed. The Memorandum is broader in scope and provides some clarity on what type of signatures are acceptable. In addition to digital signatures, the Memorandum specifically includes electronic signatur...
Morgan Lewis Foreign Sales Corporation Interest Charge Domestic International Sales Us Income Tax Return For Cooperative Associations Casualty Insurance Company Income Tax Certified Professional Employer Organization Customer Reporting Agreement
Source: jdsupra.com