May 2019

Flag Theory aka The Perpetual Traveler

Let’s talk about Perpetual Traveler This week, I did my first Live Stream interview – (https://www.facebook.com/RobertOKrukPage/videos/610478799470904/) and for the first time, I heard of the concept of Flag Theory. What is Flag Theory? According to Wikipedia, Flag Theory is a term used to describe the perpetual traveler.  An idea which proposes that individuals live in […]

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IRS Announces Higher 2019 Retirement Plan Contribution Limits For 401(k)s And More

Get ready to save more for retirement in 2019! The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2019, and there are a lot of changes that will help savers stuff these accounts. After six years stuck at $5,500, the amount you can contribute to an Individual Retirement Account is being bumped

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Captive Services Provider Campaign –  Transfer Pricing

Read – https://www.irs.gov/businesses/corporations/irs-announces-the-identification-and-selection-of-three-large-business-and-international-compliance-campaigns On April 16th, the IRS identified 3 additional compliance campaigns One of them is the Captive Services Provider Campaign Practice Area: Treaty and Transfer Pricing OperationsLead Executives: Jennifer Best, director, Treaty and Transfer Pricing Operations; and John Hughes, director, Advanced Pricing and Mutual AgreementThe section 482 regulations and the OECD Transfer Pricing Guidelines provide

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Offshore Private Banking Campaign

  Please read this first – https://www.mooresrowland.tax/2019/04/new-form-14457-voluntary-disclosure.html Then Read – https://www.irs.gov/businesses/corporations/irs-announces-the-identification-and-selection-of-three-large-business-and-international-compliance-campaigns On April 16th, the IRS identified 3 additional compliance campaigns. One of them is the – Offshore Private Banking Campaign Practice Area: Withholding & International Individual Compliance Lead Executive: John Cardone, director of Withholding & International Individual Compliance U.S. persons are subject to tax on worldwide

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Loose Filed Forms 5471

Please read this first – https://www.mooresrowland.tax/2019/04/new-form-14457-voluntary-disclosure.html Then Read – https://www.irs.gov/businesses/corporations/irs-announces-the-identification-and-selection-of-three-large-business-and-international-compliance-campaigns On April 16th, the IRS identified 3 additional compliance campaigns One of them is the – Loose Filed Forms 5471 Practice Area: Withholding & International Individual Compliance Lead Executive: John Cardone, director of Withholding & International Individual Compliance Form 5471, Information Return of U.S. Persons With Respect to Certain

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