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Tax Day Has Passed, But Don't Forget June 30th!

By Amanda Wilson on Apr 22, 2015 in Other, Foreign Operations, International, IRS

By:  Amanda Wilson Now that April 15th has passed, you might be thinking that you are done with tax filings for the year. But, if you have any foreign bank accounts or financial assets overseas, you may be required to file a Form 114 (commonly known...

Targeting Overseas Earnings

By taxingtimes on Feb 5, 2015 in code, Congress, Foreign Operations, government, International, IRS, Obama care, Tax

By:  Amanda Wilson As I was driving in to work this morning, I was listening to a story on the radio about the country's aging infrastructure.   The interesting part (at least to a tax lawyer ), was the statement by Transportation Secretary Anthony...

Foreign Operations? Should You Follow Burger King’s Example?

By taxingtimes on Sep 4, 2014 in Foreign Operations, International, Tax

By:  Amanda Wilson There has been a lot of publicity lately regarding Burger King’s proposed acquisition of Tim Hortons, as Burger King is expected to move its corporate headquarters to Canada following the acquisition.  These type of corporate...

Have a Foreign Bank Account?

By taxingtimes on May 29, 2014 in Foreign Operations, International, Tax

By:  Amanda Wilson A taxpayer that has a foreign bank account is required to file a special form, the Report of Foreign Bank and Financial Accounts, disclosing information about the account. Failure to file this form, which is commonly referred to...