All Articles
International Trade
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 as Tax FBAR. This new reporting requirement is in...
Read MoreTax
The Exit Tax: Three Years After The Introduction Of Section 877A.
It has been more than three years since the enactment of Sec. 877A, which introduced a mark-to-market tax on U.S. persons expatriating on or after June 16, 2008. Official records indicate that, although still relatively small, there is an increasing number of U.S. persons who have renounced, or...
Read MoreTax
UK Residence: Greater Certainty In The Works
An individual’s UK tax residence status has a significant bearing on the amount of income and gains that is taxable in the UK. Somewhat surprising then is the fact that the United Kingdom does not have a clear definition of UK tax residence. The current definition rests primarily on court...
Read MoreBanking
The Importance Of Fundamental Financial Planning
Corporate executives and business owners tend to spend very little time proactively tending to their personal tax and financial affairs. Most of their time and focus is spent managing the affairs of their company, and not planning or strategizing for the benefit of their own personal financial...
Read MoreTax
Holistic Tax Review Maximizes Private Company Tax Strategies
Editor: Please describe your background and tell us about WTAS. Toce: WTAS is one of the largest tax firms in the country, with 13 offices and over 500 tax professionals. We do tax work exclusively, and a large part of our practice is oriented toward large private and family companies and tax...
Read MoreSection 199 Domestic Production Deduction: Time For A Closer Look
In 2004, Congress introduced the Domestic Production Deduction (the DPD) to encourage U.S. manufacturing and certain other "production" activity. At the time of enactment, there was a decidedly lackluster reaction to the new incentive: the new provisions were complex, the computations...
Read MoreDoing Business In Argentina
Argentina is one of the fastest growing economies in Latin America and has a highly diversified economy. The private sector has a very positive reputation worldwide for its high productivity levels. The country's well-developed industrial base showcases key sectors such as agriculture,...
Read More