Hall & Company

Blog Side Header

Author Archives: admin

← Older posts

Who Qualifies for an IC-DISC?
By Jim Curtis, JD – International Tax Senior Manager

Posted on by admin

As highlighted in my last post, the “Interest Charge Domestic International Sales Corporation” (IC-DISC) is one of the most overlooked tax benefits for small businesses which export abroad.  An IC-DISC can provide the owners of small businesses with significant tax … Continue reading

Posted in ITAX Zone | Comments Off on Who Qualifies for an IC-DISC?
By Jim Curtis, JD – International Tax Senior Manager

Are you missing out on the IC-DISC?
By Jim Curtis, JD – International Tax Senior Manager

Posted on by admin

Are you a manufacturer who exports products abroad?  Are you a distributor who exports products made in the USA?   Do you manufacture or sell products to other U.S. companies that export your products? If your answer is “yes” to any … Continue reading

Posted in ITAX Zone | Comments Off on Are you missing out on the IC-DISC?
By Jim Curtis, JD – International Tax Senior Manager

Form 8938: NOT Another FBAR 
By Jim Curtis, JD – International Tax Senior Manager

Posted on by admin

If you have foreign accounts or other “specified foreign financial assets”, you may have Form 8938 filing requirements and not even realize it. What is Form 8938? Form 8938, “Statement of Specified Foreign Financial Assets”, first became required for the … Continue reading

Posted in ITAX Zone | Comments Off on Form 8938: NOT Another FBAR 
By Jim Curtis, JD – International Tax Senior Manager

Signature Authority Means FBAR Filing
By Jim Curtis, JD – International Tax Senior Manager

Posted on by admin

Do you have signature authority over any foreign accounts which you do not own or have a financial interest in?  If the answer is yes, get ready to file an FBAR. “Signature authority” is defined as, “the authority of an … Continue reading

Posted in ITAX Zone | Comments Off on Signature Authority Means FBAR Filing
By Jim Curtis, JD – International Tax Senior Manager

Commonly Overlooked FBAR Filing Requirements
By Jim Curtis, JD – International Tax Senior Manager

Posted on by admin

You may think you have all your tax filings taken care of, but have you doubled-checked the FBAR filing requirements closely enough? Legal entities that are disregarded for income purposes, such as single member limited liability companies (SMLLCs), grantor trusts … Continue reading

Posted in ITAX Zone | Comments Off on Commonly Overlooked FBAR Filing Requirements
By Jim Curtis, JD – International Tax Senior Manager

American Health Care Act Amendment Accelerates Tax Changes
By Don Dahl, Director – Tax

Posted on by admin

Updates to the Republican healthcare plan would reduce taxes as soon as this year – a full year ahead of the original timeline proposed in the Obamacare overhaul introduced last week. Republicans in the U.S. House of Representative have released … Continue reading

Posted in News, Tax | Comments Off on American Health Care Act Amendment Accelerates Tax Changes
By Don Dahl, Director – Tax

New FBAR Deadline is April 18th
By Jim Curtis, JD, Senior Manager – International Tax

Posted on by admin

Attention U.S. persons with foreign financial accounts: your filing deadline has been moved up! FinCEN 114, Report of Foreign Bank and Financial Accounts, which is better known as the “FBAR,” is now due on April 18, 2017 for the 2016 … Continue reading

Posted in ITAX Zone | Comments Off on New FBAR Deadline is April 18th
By Jim Curtis, JD, Senior Manager – International Tax

Obamacare Replacement Plan Contains Tax Changes
By Don Dahl, Director – Tax

Posted on by admin

Republicans in the U.S. House of Representatives released preliminary bills to repeal and replace the Patient Protection and Affordable Care Act, also known as Obamacare. Collectively, these bills will be called The American Health Care Act. They are designed to … Continue reading

Posted in News, Tax | Comments Off on Obamacare Replacement Plan Contains Tax Changes
By Don Dahl, Director – Tax

Due March 15:
Foreign Income Form 1042
By Jim Curtis, JD, Senior Manager – International Tax

Posted on by admin

Foreign persons receiving U.S. Source FDAP Income: the deadline is coming up quick! Form 1042, the Annual Withholding Tax Return for U.S. Source FDAP Income of Foreign Persons, is due by March 15th for the 2016 year. Form 1042 reports … Continue reading

Posted in ITAX Zone | Comments Off on Due March 15:
Foreign Income Form 1042
By Jim Curtis, JD, Senior Manager – International Tax

Foreign Trust Owners:
Form 3520-A due March 15
By Jim Curtis, JD, Senior Manager – International Tax

Posted on by admin

Attention owners of foreign trusts: your deadline is approaching quickly! For calendar year-end foreign trusts with U.S. owners, the Form 3520-A information return is due by March 15th. Six-month extensions may be granted by filing Form 7004. Remember, Form 3520-A … Continue reading

Posted in ITAX Zone | Comments Off on Foreign Trust Owners:
Form 3520-A due March 15
By Jim Curtis, JD, Senior Manager – International Tax
← Older posts