Controlled Foreign Corporation Case Study: Reducing GILTI Inclusion via Salary

The 2017 Tax Cuts and Jobs Act (TCJA) has had a significant impact on US owners of foreign corporations. While US persons have always been subject to US tax on their worldwide income, owners of controlled foreign corporations (“CFCs,” or a foreign corporation with US shareholders that own more than 50% of the corporation) were […]

Tax-Deductible Expenses for Business Owners

Tax-Deductible Expenses for Business Owners Living Outside the US

If you’re considering starting your own business, you’ll want to know everything that’s tax-deductible for business owners living outside the US. With this knowledge, you’ll be better able to plan for costs, plan for your taxes, and save money all at the same time. What Are Tax-Deductible Expenses for Business Owners Living outside the US? […]

Tax Home Changes for Military Contractors

Tax Home Changes Make FEIE More Accessible for Contractors Abroad!

If you’re a contractor who is living abroad, you might be happy to hear that recent tax home changes have made the path to qualifying for the Foreign Earned Income Exclusion (FEIE) easier for foreign contractors and military contractors living abroad. Read below to find out more. Using the Foreign Earned Income Exclusion Working outside […]

American Expat Entrepreneurs: IRS Compliance Campaign

New IRS Compliance Campaign for American Expat Entrepreneurs: S Corporations Built In Gains Tax

In 2019, the IRS announced that it would be initiating six new compliance campaigns for specific tax noncompliance issues. One of these issues is the built in gains tax (BIG) that can occur when C Corporations transition into S Corporations and have net unrealized built in gains. Find out what American expat entrepreneurs need to […]