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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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Giving Up Your Green Card? Be Prepared for This Surprise
The IRS has been embroiled in a seemingly endless battle with offshore tax evasion for many years, and every year cracks down on new ways for ...
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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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What Brexit Means for Business Tax Implications
On June 23, 2016, the United Kingdom voted to leave the EU. According to the Treaty of Lisbon, the UK is required to provide a two year notice period ...
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Castro & Co.
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Statutes of Limitation in Tax Matters Gift Tax Returns
At Castro & Co. , we are often asked about the “Statute of Limitations” on tax returns. This article deals more specifically with U.S. Gift Tax ...
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Castro & Co.
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IRS Proposes New Foreign Tax Regulations
Recently, the IRS proposed regulations that could eliminate an important planning opportunity currently available in outbound transfers of foreign ...
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Castro & Co.
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UK Changes Treatment of Dual-Resident Companies Which Could Affect U.S. Tax Planning
As of late November 2015, the HM Revenue and Custom (HMRC), otherwise known as the tax authorities in the UK, agreed on a new interpretation of the ...
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Castro & Co.
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Ireland: Favorable Corporate Tax Rate
One of the world’s biggest pharmaceutical firms, Pfizer Inc., has been wanting to get out of the U.S. tax system for quite some time; however, their ...
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Castro & Co.
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