Insights

Content on accounting, finance, technology, and business management to guide companies and entrepreneurs.

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Tax

10 min read

The One Big Beautiful Bill Act: A Tax Perspective for U.S. & Global Stakeholders

What is the One Big Beautiful Bill Act? The OBBBA is a broad tax and spending package enacted on July 4, 2025. It combines individual tax relief...

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5 min read

IRS Form 2063: U.S. Departing Alien Income Tax Statement

When leaving the United States, foreign nationals may face specific tax obligations depending on their residency status and income. One of the key...

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Form 1118 sheet on a desk to be completed

5 min read

Form 1118 - Foreign Tax Credit for Corporations

U.S. multinational corporations often pay taxes to foreign countries on income earned outside the United States. Taxes paid to other countries (not...

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Imagen of IRS Form 1042 S

4 min read

Form 1042-S: Foreign Person's U.S Source Income Subject to Withholding

When conducting business across borders or managing foreign investments in the United States, it’s crucial to understand the tax implications of...

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Departing Alien Income Tax Return Form

5 min read

Form 1040-C: U.S. Departing Alien Income Tax Return

When foreign nationals (non-U.S. citizens) prepare to leave the United States, they must typically fulfill specific tax obligations prior to their...

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Land planted with dollar bills emerging

4 min read

How to Harvest Capital Losses to Reduce Your Tax Burden

Your investment losses can help reduce taxes by offsetting gains or income. Even if you no longer have any gains, harvesting losses can be beneficial...

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12 min read

Foreign Financial Assets Reporting: A Complete Guide to IRS Form 8938

Are you a U.S. taxpayer with foreign financial assets? If so, you might need to file IRS Form 8938 to report those assets.

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10 min read

Foreign Tax Credit: A Comprehensive Guide

The Foreign Tax Credit (FTC) is a nonrefundable tax credit available to U.S. taxpayers who pay income taxes to a foreign government on income that is...

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10 min read

US Estate and Gift Tax Planning for Foreign Assets

Estate and gift tax planning for foreign assets is essential for individuals with global investments. Understanding the complexities of US estate...

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