Posts Tagged ‘Income Taxes’
Final FTC Regulations: Significant Changes to the Creditability of Foreign Income Taxes
By: Jed Rogers; Tamara Fusillo At a glance The main takeaway: Foreign tax credit (FTC) final regulations have made it more difficult to determine whether FTCs are available for foreign taxes incurred by U.S. taxpayers. Impact on taxpayers: Various new requirements (such as the attribution requirement noted below) may cause double taxation of income. Many…
Read MoreBallgames, Dinners and Tax Reform: The New Meals and Entertainment Deductions
Say goodbye to tax deductions for business entertainment expenses like baseball tickets and golf outings. It used to be OK to lump together things like games and dinners as “meals and entertainment” expenses because all those things were generally 50% deductible. But recent federal tax reform has changed that, though standalone business meals may remain…
Read MoreTaxes for Expats: How to Reduce Tax Liability Working Overseas
Taxes for expats: If you’re an expat, it’s more important than ever for you to understand your U.S. tax filing requirements. Learn more.
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