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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

Picture of H&CO H&CO: Aug 18, 2025 12:58:02 PM

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...

Tax United States
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5 min read

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

Picture of H&CO H&CO: Jul 31, 2025 9:57:44 AM

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

Tax
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Form 1118 sheet on a desk to be completed

5 min read

Form 1118 - Foreign Tax Credit for Corporations

Picture of H&CO H&CO: Jul 14, 2025 7:42:16 AM

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

Tax
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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

Picture of H&CO H&CO: Jul 2, 2025 4:38:03 PM

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

Tax
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Departing Alien Income Tax Return Form

5 min read

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

Picture of H&CO H&CO: Jun 17, 2025 8:50:37 AM

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

Tax
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Land planted with dollar bills emerging

4 min read

How to Harvest Capital Losses to Reduce Your Tax Burden

Picture of H&CO H&CO: Apr 11, 2025 1:33:14 PM

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...

Tax Accounting
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12 min read

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

Picture of H&CO H&CO: Oct 9, 2024 3:40:22 PM

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

Tax
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10 min read

Foreign Tax Credit: A Comprehensive Guide

Picture of H&CO H&CO: Jun 25, 2024 10:59:54 AM

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...

Tax
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10 min read

US Estate and Gift Tax Planning for Foreign Assets

Picture of H&CO H&CO: Jun 25, 2024 9:49:01 AM

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

Tax
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