Combat-Zone Contract Workers Income Exclusion

All Combat-Zone Contract Workers Now May Qualify for Income Exclusion U.S. citizens or resident aliens, and specifically contractors or their employees supporting the U.S. Armed Forces in combat zones, may qualify for the foreign earned income exclusion. Qualified individuals may exclude from gross income, subject to certain limitations, wages or self-employment income earned for services…

Read More

International Tax Reform

International Tax Reform: Where Do We Stand? By: Anita Anand, JD From the time proposed legislation on tax reform was initially introduced, discussions surrounding those proposals and their impacts began and have continued since. Almost seven months after the enactment of the Tax Cuts and Jobs Act (TCJA), one would think that we would have…

Read More

Tax Reform and International Taxation

Tax Reform’s Impact on International Taxation By Rose Moore, CPA and Richard Gimbert, CPA On December 22, 2017, President Trump signed the most comprehensive tax overhaul in the last 30 years, the “Tax Cuts and Jobs Act.”  Much attention has been focused on the reduced corporate tax rate and changes to the individual deductions and…

Read More

Transition Tax on Untaxed Foreign Earnings

IRS Provides Guidance on Transition Tax Applicable to Certain Untaxed Foreign Earnings On December 29, 2017, IRS released Notice 2018-07 providing preliminary guidance on the “transition tax” that was enacted as part of tax reform legislation, the Tax Cuts and Jobs Act. Newly enacted Internal Revenue Code Section §965 imposes a tax on untaxed accumulated…

Read More

Value Added Tax

By Rose Moore, CPA and Anita Anand, JD This article is the first in an ongoing series of articles focusing on changes in international taxation that could affect businesses. We hope you find it educational and encourage you to keep an eye out for further articles. The Value Added Tax (VAT) has been a divisive…

Read More

Scroll Up