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What You Need to Know About Foreign Tax Credits
American companies who do business abroad or foreign nationals who do business and make money while in the United States are required to pay taxes on ...
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Castro & Co.
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U.S. Tax Treatment of Australian Superannuation Funds
Whenever a U.S. taxpayer is confronted with an international tax issue , they should understand that there are two separate and distinct bodies of law ...
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Castro & Co.
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IRS Gains the Power to Revoke U.S. Passports for Tax Debts
The President signed into law a new provision to the Internal Revenue Code that gives the U.S. government the right to revoke or deny the renewal of ...
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Castro & Co.
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14 Ways to Not to be Penalized for IRA Early Withdrawal
Withdrawals made from your retirement account ( e.g. , 401(k), 403(b), 457(b) IRA, SIMPLE IRA, etc.) before you have turned 59 ½ years old will ...
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Castro & Co.
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Foreign Trust Reporting & Compliance
All U.S. citizens and some foreign persons are required to file income taxes each year. This includes citizens and residents of the U.S., domestic ...
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Castro & Co.
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Everything You Wanted to Know about Taxation of Foreign Trusts
To begin with, an arrangement is a trust if its purpose is to invest its trustees with responsibility for the protection and conservation of property ...
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Castro & Co.
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Preparing for BEPS Legislation
While multinational corporations brace for the coming changes to their tax and transfer pricing operations under BEPS legislation, none of them are ...
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Castro & Co.
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Fifth Amendment Protection for Your Offshore Bank Records?
One of the most frequent questions I get from private clients is whether they can assert their Fifth Amendment Right to Avoid Self-Incrimination when ...
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Castro & Co.
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