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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 ...
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Castro & Co.
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IRS Currency Exchange Rates and Rules
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 ...
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Castro & Co.
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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.
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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, ...
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Castro & Co.
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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 ...
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Castro & Co.
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US TAX TREATMENT OF UK PENSION
Your browser does not support HTML5 video. The general rule is that U.S. tax residents are subject to tax on their worldwide income from any source, ...
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Castro & Co.
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Tax Planning for Cryptocurrencies, Bitcoin Gains & Initial Coin Offerings (ICOs)
The rise of bitcoin gave birth to a slew of ICOs, cryptocurrency exchanges, massive bitcoin gains, and the potential for civil and even criminal ...
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Castro & Co.
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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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