-
Superannuation Contributions are Deductible Foreign Taxes Despite Being Voluntary
The distinguishment between voluntary and involuntary taxes stems from the foreign tax credit provisions. Under the foreign tax credit provisions, a ...
Posted By
Castro & Co.
Continue Reading
-
Deducting Medical Expenses of Parents and Relatives Not Living With You
The deduction for medical expenses under Section 213 states that there shall be allowed as a deduction for expenses paid for medical care of an ...
Posted By
Castro & Co.
Continue Reading
-
2017 Currency Conversion Rates
Below are the safe harbor exchange rates published by the U.S. Department of the Treasury for use in the preparation of U.S. federal income tax ...
Posted By
Castro & Co.
Continue Reading
-
2018 Inflation Adjustments
The IRS recently released the 2018 inflation adjustments for several tax provisions in Rev. Proc. 2017-58, 2017-45 I.R.B. __. There appear to be no ...
Posted By
Castro & Co.
Continue Reading
-
Tax-Free Withdrawal of U.S.-Based Retirement Funds by Non-U.S. Citizen Australians
One of the most common inquiries we get is from Australian nationals that are not U.S. citizens. You came to the U.S. on an E-3 or L-1 Visa for a ...
Posted By
Castro & Co.
Continue Reading
-
Section 965 Deemed Repatriation Tax: Defeated
There was once a time when everyone was wholly convinced that the world was flat. This is a phrase we often repeat to skeptics. Today, the prevailing ...
Posted By
John Anthony Castro, J.D., LL.M.
Continue Reading
-
2017 WORLDWIDE LIST OF PER SE CORPORATIONS
Here is a list of all per se corporations in the world as listed under Treas Reg. § 301.7701-2(b)(8)(i): American Samoa, Corporation Argentina, ...
Posted By
Castro & Co.
Continue Reading
-
DEPRECIATING FOREIGN RENTAL PROPERTY
There was once a time when everyone thought the world was flat. This is a phrase we often repeat to clients. Today, the prevailing opinion among tax ...
Posted By
Castro & Co.
Continue Reading