Foreign Qualified Dividends Presentation
Foreign qualified dividends from sherayzenlaw
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Filing and Payment Extension for Suffolk County and other Victims of Boston Marathon Explosions
On April 16, 2013, the Internal Revenue Service announced a three-month tax filing and payment extension to Boston area taxpayers and others affected by April 15, 2013 explosions. This relief applies to all individual taxpayers who live in Suffolk County, Mass., including the city of Boston. It also includes victims, their families, first responders, others […]
Requirements for Timely Filing Tax Returns for U.S. Persons Living Overseas
Are you a U.S. person for living overseas who is required to file U.S. taxes? Then you should be especially aware of U.S. filing deadlines, and the importance of timely filing your tax return under IRC Section 7502. Filing a tax return is often stressful enough for most people living in the U.S. Filing a […]
Subpart F Income- Traps for the Unwary
Under the IRS “Subpart F” rules (26 USC Part III, Subpart F), certain categories of income of controlled foreign corporations (“CFCs”) must be included in the gross income of specified U.S. shareholders, even though the income may not have been distributed. In this article, we will explain the basics of Subpart F income. It is […]
IRS Audit and the Constructive Dividends Trap
Do you own or work for a closely-held corporation? Do you make frequent payments between your small C corporation and your shareholders? Then you should be especially careful about the constructive dividend rules. Under these rules, the IRS can deem certain payments made to or on behalf of its shareholders as dividends, even though they […]