IRS Enforcement of ACA (Obamacare)

In accordance with President Trump’s executive order calling on agencies to ease up on ACA (Obamacare) regulations, the IRS made changes whereby it will not reject a 2016 tax return for processing just because the taxpayer does not indicate their coverage status in Box 61.

FBAR Filing Tax Deadlines

Report of Foreign Bank and Financial Accounts (FinCEN Form 114/FBAR)

The IRS has issued sweeping changes to the way U.S. taxpayers are required to report interest in foreign bank accounts. Although taxpayers were always required to report and pay taxes on income earned in foreign accounts, not until recently did the IRS along with other government agencies step up enforcement to eliminate attempts to avoid paying taxes.

Foreign Company Tax Planning

Tips For Foreign Companies Doing Business In The U.S.

Does your foreign company sell products online to American customers? Are you interested in accepting payment in US dollars? If so, it may interest you to learn that to do so you must establish a US based entity which can accept the payments through a US bank account.

Foreign Government Contractors - Delaware CPA

Forming A U.S. Corporation – Foreign Government Contractors

Does your company contract with the U.S government? Are you foreign owned? If so, it may interest you to learn that the U.S. government follows a policy of Buying American. This means that whatever you sell to the government needs to be sold by a U.S. company.

Business Sales - Delaware CPA

Starting A Business In The U.S.

Starting a business in the US can be a rewarding experience for many. However, there are a lot of items to consider and issues to be aware of before you open your doors. The good news is that foreign nationals are able to create and open a US business as quickly and easily as Americans.

Form BE-10 Filing - Delaware CPA

Due June 30 – Investing Abroad Requires Even More Reporting – Form BE-10

In recent years, the IRS, Department of Treasury, and other U.S. regulatory agencies have focused on implementing/enforcing reporting programs to ensure U.S. citizens with foreign income are submitting proper reports to the IRS. One of the reports, the Report of Foreign Bank and Financial Accounts (FBAR) is required to be submitted to the Department of Treasury by June 30, 2015.

Tax Planning - Delaware CPA

Welcome to A Matter of Tax

Are you feeling overwhelmed by all the complicated tax regulations?  Looking for some indispensable understanding of tax compliance and planning?  You are not the only one! BLS has been listening and answering questions from clients and friends for over 90 years and we have decided to launch our latest blog, A Matter of Tax, to share these answers and to … Continued