After thousands of interviews and valuable successes finding the best in the tax profession through http://www.etsearch.com/clients.htm, we evolved into our new entity www.taxconnections.com. Through all the successes, what was most important were the lessons learned from every lead tax executive I encountered in a corporation. Recently, I was reminded how valuable tax executives are while talking to nationally recognized tax expert Dan Thompson of Thompson Tax & Associates headquartered in San Francisco, California. Dan sent me a video in the day of a life of a Tax Director. In the video, he started out by saying “You are a Tax Director and you walk into the office one day and the State & Local Tax Manager tells you the State Auditors want to conduct an audit in an hour on an issue that has been overlooked. A few moments later with a cup of coffee in hand, the Read more
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I keep saying this, “The world is shrinking!”, ad nauseum perhaps, but I just cannot seem to get over that. When I went into the tax profession 15 years ago, I never thought I’d be reading as many tax treaties as I do now! I found out that the US had a Tax Treaty with Ukraine this year! Go figure!
Speaking of a shrinking globe, Inter-Governmental Agreements and Tax Treaties, it was uncanny this tax season, I had more than my share of clients who had a property or two in foreign countries by way of an inheritance or purchase and after having held it for a while as investments, they were now contemplating turning them into rentals.
I had written about owning foreign real estate a few blog-posts ago. You can read Read more