Category: international tax

The tax bill that President Trump signed into law in late December represents the most substantive changes to the federal tax code in 30 years, but Congress passed up its chance to clarify matters for cryptocurrency investors, traders, issuers and miners. The community is left with a host of questions and … Read More..

IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered

The Internal Revenue Service has announced and encouraged the taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the … Read More..

Establishing a foreign corporation to buy and own U.S. real estate remains a legitimate basic planning tool that international buyers might wish to consider.
Taking title in offshore companies provides several benefits. First, it allows a foreign buyer to avoid the federal estate tax and the necessity of a domestic probate … Read More..

The IRS estimates that more than 7 million individual taxpayers didn’t file a 2014 tax return. The IRS bases this estimate on information statements it received for taxpayers who should have filed but didn’t.

For those individual taxpayers that don’t file yearly information returns, the consequences can be severe. The IRS … Read More..

Overview of the operation of VAT in Republic of Ireland
Summary

Thresholds for registration
VAT rates & their application
Registration & compliance
Place of supply rules
Entitlement to VAT inputs/refunds
Practicalities of registration for foreign traders
VAT on real estate purchase/letting

Thresholds for Registration
In broad terms, under Irish law, a trader must … Read More..

The world diamond industry and the Israeli diamond industry for that matter has its beginnings in the fifteenth century, when a Jewish diamond cutter Lodewyk van Berken from Belgium invented the scaif.

The world diamond industry and the Israeli diamond industry for that matter has its beginnings in the fifteenth century, … Read More..

In the last few years, the offshore company establishment industry has been gathering momentum. According to present estimates, over 60% of the money in the world is flowing through or held by offshore tax havens

There is almost no company with international commercial ties seeking to be competitive, that does not … Read More..

Many Israeli, American and European clients who have begun startup companies and are looking for ways to raise capital and expand their businesses should start considering the corporate entities made available by the United States.
During 2012, there has been enacted great legislation called the “Jumpstart Our Business Startups Act” (or … Read More..

Q. What is an FBAR?
A. An FBAR is a Report of Foreign Bank and Financial Accounts. The form number is TD F 90-22.1 (PDF).
Q. Who must file an FBAR?
A. Any United States person who has a financial interest in or signature authority or other authority over any financial account in a … Read More..

The legal aspects are an independent & comprehensive subject, relating to complex questions on the practical level, as well as the philosophical legal level.
The source for the prohibition on gambling is found in the Penal Code 1977. According to the law, it is prohibited to arrange or make any forbidden … Read More..