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Foreign LLC-Equivalents are Flow-Through by Default
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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Castro & Co.
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Nonresident Individual Income and Transfer Taxation in the United States
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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Castro & Co.
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Lunches with Colleagues Are Deductible as Business Meals
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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Castro & Co.
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Understanding Business Purpose and Schedule C
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 ...
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Castro & Co.
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The Legality of Retroactive Treasury Regulations
One of the most common questions we get from clients that are themselves tax attorneys or CPAs is whether the U.S. Department of the Treasury can ...
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Castro & Co.
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