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Update on OECD Base Erosion and Profit Sharing Work

Historically, multi-lateral efforts to coordinate the international tax system have principally focused on avoiding double taxation. However, many taxpayers currently exploit gaps in the international tax system to either make otherwise taxable income disappear or to shift income to jurisdictions…

IRS Releases FBAR Reference Guide

The IRS recently released a Report of Foreign Bank and Financial Accounts (FBAR) Reference Guide (“Guide”). The Guide is intended to assist U.S. persons and tax professionals in properly preparing and filing FBARs. The Guide also aids IRS personnel in…

The Hill: Are you FBAR complaint?

For investors overwhelmed by the recent changes to foreign reporting, consider the following as a basic guide to FBAR requirements.  FBAR is an information return that must be filed if any U.S. person has a financial interest or has signature…

Senate Finance Committee Passes Tax Extenders Bill

On April 3rd, 2014, the Senate Finance Committee passed a tax extenders bill, which included extensions of the R&D credit and the 179D deduction. Both extensions are seamless and extend these provisions through 2015. In addition to extending the R&D…
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