FOREIGN ACCOUNT TAX COMPLIANCE ACT – FATCA
By Kaufman Accounting |
The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, is an important development in U.S efforts to combat tax ...
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MECHANISMS FOR RELIEF OF DOUBLE TAXATION
By Kaufman Accounting |
Double taxation is defined as the levying of tax by two or more jurisdictions on the same declared income, asset, ...
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US TAXATION OF NONRESIDENTS
By Kaufman Accounting |
The United States has one of the most complex tax law regimes in the world. A regime which nonresidents should ...
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GLOBAL INTANGIBLE LOW-TAXED INCOME INCLUSION (“GILTI”)
By Kaufman Accounting |
The Tax Cuts and Jobs Act of 2017 ("TCJA") brought forth a sea of changes in tax law and one ...
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PASSIVE FOREIGN INVESTMENT COMPANIES (“PFICS”)
By Kaufman Accounting |
United States citizens and tax residents are discouraged from investing in Passive Foreign Investment Companies (PFICs) with primarily passive income ...
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LAST MINUTE TAX EXTENDERS
By Kaufman Accounting |
Many of the tax provisions below were set to expire at the end of 2017 but have now been extended ...
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