An Easy Guide To Whether Foreign Sourced Income Is Subject To U.s. Fica Tax
An Easy Guide To Whether Foreign Sourced Income Is Subject To U.s. Fica Tax When are U.S. FICA taxes imposed on foreign earnings? U.S. Resident Taxpayers working outside the United States need to know the answer to this question. FICA taxes are substantial. The tax...
Can A Irs 5471 Can A Irs Form 5471 Be Completed Without A Transfer Pricing Study?
Can A Irs 5471 Can A Irs Form 5471 Be Completed Without A Transfer Pricing Study? In most cases a transfer pricing study will not be required in order to file a IRS form 5471. A study may be required for Category 4 filers, under the circumstances described below. If...
What Accounting Problems Can I Expect In Filing A 5471 The Irs May Flag?
What Accounting Problems Can I Expect In Filing A 5471 The Irs May Flag? Generally companies and individuals required to file Form 5471 are subject to the current income inclusion rules for Subpart F income earned by the foreign corporation, whether the earnings are...If Form 1120 Is Late What Is The Best Way File Form 5471?
If Form 1120 Is Late What Is The Best Way File Form 5471? File the 1120 with a properly completed Form 5471 as quickly as you can. Attach a brief statement claiming reasonable cause for the late filing. The IRS will, in most cases, send a computer generated notice...
Will Failing To File A File A Form 5471 Generate An Automatic Penalty?
Will Failing To File A File A Form 5471 Generate An Automatic Penalty? Will failing to file a file a Form 5471 generate an automatic penalty? Yes, the IRS automated return processing system is set up to spot failures to file Form 5471 and late filed Forms 5471 and to...
Very good experience. I had some uncommon and large financial situations abroad as a US Citizen. I just wanted to make sure I am going about it legally and wisely. I am a business executive (Harvard B. School), having interacted with many top lawyers worldwide, and working with Paul was a pleasure and a wise choice. Beyond helping me professionally to solidify a winning strategy through his sound knowledge and experience, the interaction was exceptionally forthcoming and pleasant. I would recommend Paul without any hesitation!
Paul is an excellent attorney for small business owners like myself. He will make the appropriate research and make sure that the documents I have are all in working order and official. Paul always responds to phone my calls immediately, and he works fast whenever I need to have documents prepared quickly. His knowledge has helped me steer my business in the right direction and his advice is always on point and concise.
I’ve had the pleasure of using Paul’s services for nearly a decade. During this time I had help with drafting and reviewing the following: several lease contracts, employee contracts, confidentiality and non-disclosure agreements, new client contract/liability waivers, US copyright electronic registrations, independent contractor agreements, website disclosure language, video release forms, and business registrations with the state.
Having Paul as an attorney and being able to reach out to him whenever I have an emergency makes me more confident to run my business and I know that if I have a legal problem Paul will be there to help me.
Cool guy, extremely nice and knows his stuff.
Took the time to listen, ask good questions, and provide good thoughts during initial phone call. Highly recommend giving him a call.
Mr. Wigg-Maxwell helped me out with a complicated international inheritance tax question. He was quick to respond with a knowledgeable answer. I would happily bring any future tax issues I have to Mr. Wigg-Maxwell for resolution.
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