-
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
-
U.S. Treasury and IRS Foreign Currency Exchange and Conversion Rates for 2012-2018
The IRS does not have official exchange rates. For the convenience of taxpayers, however, the U.S. Department of the Treasury publishes averaged-out ...
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. There appear to be no surprises here. The ...
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 from Australian nationals is how to handle their IRA or 401(k) fund when they are planning leave. For example, ...
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
Castro & Co.
Continue Reading
-
2019 Worldwide List of Per Se Corporations
A per se corporation is a foreign corporation that, under the U.S. entity classification regulations, is automatically deemed to be a corporation and ...
Posted By
Castro & Co.
Continue Reading
-
Depreciating Foreign Rental Property
Introduction There was once a time when everyone thought the world was flat. This is a phrase we often repeat to clients. Today, the prevailing ...
Posted By
Castro & Co.
Continue Reading