Current Articles

• IRS Formally Announces It Will No Longer Challenge Foreign Tax Credits On Two French Social Services Contributions
  By Helen Burggraf
  The U.S. Internal Revenue Service said on Wednesday that it “will not challenge” the claiming of foreign tax credits against certain controversial payments that potentially thousands of […]
• Tax Implications Of Converting An LLC To A Corporation
  By John Dundon
  Recently a husband/wife owned 3 LLC’s that each successfully elected to be treated as S-corporations for federal income tax purposes by filing IRS Form 2553 – Election by a Small Business […]
• Like FBAR, Form 8938, Form 3520 And Form 5471 – Canada Has Its Own Foreign Asset Reporting Rules
  By John Richardson
  Prologue Last week I received a call from one of the many Americans abroad living (not hiding out) in Canada. He did NOT know about his U.S. tax obligations. Therefore, he has not been filing U.S. […]
• OECD Efforts To Harmonize Value Added Tax Rules
  By Helen Burggraf
  Businesses that sell goods and services across international borders may soon face major changes, as recently-unveiled plans by the Organisation for Economic Co-operation and Development to harmonize […]
• Have Fun Today Reading 200+ Tax Jokes
  By TaxConnections Admin
  There are many known health benefits to laughter including: lower blood pressure, reduces stress, improves cardiac health, boosts T-Cells, triggers the release of endorphins, and produces a general […]