A domestic corporation may operate in a foreign country through an actual foreign branch, or may own a foreign entity that is classified as a disregarded entity and treated as a foreign branch for US ...

The draft Tax Cuts and Jobs Act, H.R. 1, released by the House Ways and Means Committee last week, makes many important changes to the tax treatment of U.S. corporations that own foreign corporations.

If you’re a digital nomad working in another country or if you’re out of the country for extended periods of time, it’s important to understand how your time abroad affects your U.S. taxes, and ...

According to Income Tax rules in India, residents must disclose foreign assets or income, regardless of whether their income ...

Taxpayers with foreign investments must disclose them in Schedule FA when filing income tax returns. Resident and Ordinarily ...

The owners of many closely held businesses recently filed federal income tax returns on which they claimed, for the first time, the deduction based on “qualified business income” under Section 199A of ...

The Income Tax Department has introduced several major changes to Income Tax Return (ITR) filing rules for Assessment Year ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The value of the U.S. dollar rose significantly from June 2014 to April 2015 compared with other foreign currencies. For U.S. companies with international operations, that could have resulted in ...

Canadians who fail to report certain foreign assets annually to the Canada Revenue Agency risk being audited and getting hit with significant penalties. “People are often caught by surprise” by their ...

Forbes contributors publish independent expert analyses and insights. Carrie Brandon Elliot analyzes international tax issues. On December 7, 2018, Treasury and the IRS published proposed regs ...