IRS Regulations Clarify 250A Deduction for Individual Owners of Non-US Corporations Subject to GILTI
Last fall, we wrote about the US’s Global Intangible Low Taxed Income (“GILTI”) and its’ adverse tax impact on US persons that own non-US corporations.
GILTI impacts US persons resident in Canada who own Canadian and other non-US corporations. Without effective tax planning, combined US and Canadian tax rates approaching 85% could occur as early as 2018.
Global Intangible Low-Taxed Income (“GILTI”)October 9 2018
The December 2017 U.S. tax reform included a provision to subject to U.S. tax the earnings of intellectual property owned by U.S. investors outside the US. GILTI impacts U.S. persons resident in Canada who own Canadian and other non-U.S. corporations. Without effective tax planning, combined U.S. and Canadian tax rates approaching 85% could occur as early as 2018.Federal, State And Corporate Returns (US), GILTI (Global Intangible Low Taxed Income), IRS (Internal Revenue Service), Tax Liabilities
Job Posting - Tax Specialist - U.S. and Cross-border TaxOctober 1 2018
Andersen Tax is a firm of chartered accountants that, among other things, specializes in US and cross-border tax matters. Our clients include US citizens resident in Canada and Canadian individuals and businesses investing in the US. Our firm provides consulting and tax return preparation services to clients principally in western Canada and the US. Our firm provides consulting and tax return preparation services to clients principally in western Canada and the US.Job Posting
Senior Tax ManagerSeptember 10 2018
Andersen Tax in Canada has a job opening for a Senior Tax Manager. The successful candidate will be familiar with US and cross-border tax matters working principally with Canadian business and investment in the US and US citizens resident in Canada.Job Posting