Recent Posts in 2018

• An Overview of Amended Income Tax Returns
  Dec 26, 2018
  An Overview of Amended Income Tax Returns Because oversights and mistakes in the computation of tax liability are inevitable, there are provisions for ...
  Posted By Castro & Co.
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• Tax Treatment for American Contractors Employed at the Joint Defense Facility at Pine Gap (JDFPG)
  Dec 20, 2018
  In 1966, the United States and Australia signed a treaty entitled “Agreement between the Government of the Commonwealth of Australia and the ...
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• The Hidden Mortgage Interest Deduction for Australian Mortgage Offset Accounts
  Nov 21, 2018
  The Hidden Mortgage Interest Deduction for Australian Mortgage Offset Accounts One issue that comes up quite frequently, primarily with our clients ...
  Posted By Castro & Co.
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• The IRS Has Ended the Offshore Voluntary Disclosure Program
  Oct 3, 2018
  The Internal Revenue Service (IRS) has announced that they have formally ended the Offshore Voluntary Disclosure Program (OVDP) effective September ...
  Posted By Castro & Co.
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• Foreign LLC-Equivalents are Flow-Through by Default
  Aug 13, 2018
  Generally, courts will give deference to an executive department’s interpretation of a statute they are tasked with enforcing. This is referred to as ...
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• Lunches with Colleagues Are Deductible as Business Meals
  Aug 10, 2018
  Section 274 has been misinterpreted and misapplied for decades. This article applies for tax years 2017 and prior. General Scope and Purpose of ...
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• Nonresident Individual Income and Transfer Taxation in the United States
  Aug 10, 2018
  I. Introduction The goal of this article is to provide an introduction and overview of United States federal tax rules for the estate, gift, and ...
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• Understanding Business Purpose and Schedule C
  Aug 9, 2018
  Under Section 162, a taxpayer can deduct all ordinary and necessary expenses related to a trade or business. [1] For the expense to be deductible, it ...
  Posted By Castro & Co.
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