April 2018

Form 5472 -Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business

Form 5472 – here’s what you need to know We’ve had several enquiries about Form 5472 by some of our Asian based investors into the US. Therefore it is natural that it be the subject of my next blog entry. As of 2015, over 6.8 million United States (US) workers were employed by foreign-owned companies. […]

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Definition of Foreign Financial Institution for FATCA Purposes

The US tax code at the Federal level has over 8 million words. It’s therefore easy for someone to look at one small part while being unaware of how it fits into the wider picture. One area that has received much scrutiny and been the subject of much discussion is the definition of a Foreign

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Why Tax Professionals Insist on Engagement Letters and Organizers?

Yes organizers are annoying and many clients do not like them.  What’s more, there are some smaller, more “flexible” firms that do not insist on them.  There are the obvious reasons for engagement letters and organizers.  Primarily – 1. They define and make clear who is responsible for what 2. The client has a guide

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ESOP Tax Treatment – USA vs Singapore

In this article I will talk about how the US treats stock options then I will talk about Singapore.  The contradiction between the 2 jurisdictions would be clear.  Many US exposed persons working in Singapore encounter this problem.  The key issue is the deemed exercise rule.  There is not much an employee can do about this rule.  The most that

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