End of Offshore Voluntary Disclosure Program Imminent

End of Offshore Voluntary Disclosure Program Imminent

By Eli S. Noff, Partner and Mary Lundstedt On March 13, 2018, the IRS issued news release, IR-2018-52, announcing that the Offshore Voluntary Disclosure Program (OVDP) will close on September 28, 2018. The OVDP’s objective has enabled willful US taxp...

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Owners of Foreign Companies May Need to Act Soon

Owners of Foreign Companies May Need to Act Soon

Written by Peter Palsen • Principal – International Tax BIEGEL WALLER TAX ADVISORY SERVICES U.S. persons who own 10% or more of the shares of a foreign corporation may need to act quickly on a new rule that can require inclusion of all foreign corpor...

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2017 Tax And Jobs Cut Act Analysis

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act. This is the first major tax reform since Ronald Reagan was president in 1986. The act replaces the graduated corporate tax rate structure  with a flat 21 percent tax, repe...

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