On Thursday, April 25th Simone Alting spoke about International Tax Policy at the Georgia Society of CPAs (GSCPA) Decision Makers Conference. Here is a snippet of what she covered: Despite budget constraints and key vacancies, the IRS continues to target international issues and assert large penalties. The IRS is focused on FBAR violations, expanded foreign […]
Simone Alting speaks at the GSCPA Decision Makers Conference Read More »
The IRS has announced that starting May 13, 2019, only individuals with either a Social Security Number (“SSN”) or an Individual Tax Identification Number (“ITIN”) may be listed as the ‘responsible party’ on an entity’s Employer Identification Number (“EIN”) application on Form SS-4 (“The SS-4”). The SS-4 instruction’s define responsible party as, “the person who
New Responsible Party Requirements for EIN Applicants Read More »
Marc Schwartz and Simone Alting were pleased to be invited to present an update on international tax topics to the North Atlanta Tax Council (NATC) on January 18. They discussed a broad overview of the policies the law is intended to support, including the concept that tax changes might motivate companies to “move jobs back
Marc & Simone discuss GILTI and FDII rules at the North Atlanta Tax Council Read More »
“Oh, how I long for the good ‘old days’ (just 2016, not far back)” Introduction For those that remember, the subpart F rules were introduced in 1962 when statutory rates were extremely high and, until December 31, 2016, we all knew the rules of the game, so to speak. The last major tax reform was
PREVIOUSLY TAXED EARNINGS AND PROFITS (“PTEP”) UNDER THE TCJA Read More »
Obtaining a US tax identification number can unfortunately be a complex and capricious process, so only read more if you need one. Individuals need an ITIN (individual tax identification number) and companies need an EIN (employer identification number). The name EIN itself is confusing because a company does not have to be an employer to
ITIN Application Process & Support Documentation Read More »
For several years we have worked with taxpayers who may not have been in compliance with the complex US rules for reporting global income and disclosing foreign financial data. Avenues to bring taxpayers into compliance historically focused on the Offshore Voluntary Disclosure Program (OVDP)and more recently the Streamlined Filing Compliance Procedures (SFCP), the delinquent FBAR
New International Voluntary Disclosure Rules Read More »
Recently, Schwartz International sat down with Ned Lenhart, sales tax specialist of Interstate Tax Strategies, P.C., to discuss the impact of South Dakota vs. Wayfair, the recent Supreme Court sales tax case. Below is a portion of their conversation. South Dakota vs. Wayfair Supreme Court Case On June 21, 2018, the U.S. Supreme Court issued
South Dakota vs. Wayfair Supreme Court Case FAQs — a Conversation with Ned Lenhart Read More »
We know more and more people that are getting scammed out of thousands and thousands of dollars by criminals posing as IRS agents via telephone or email. Don’t fall for their tactics! Here are some facts about how the IRS communicates with taxpayers: The IRS doesn’t normally initiate contact with taxpayers by email. The agency
Taxpayers — Beware of IRS Scammers Read More »
We are pleased to announce that Qulanda Moore has officially been certified by the IRS as a Certified Acceptance Agent (CAA). An Acceptance Agent is a person or an entity (business or organization) who, pursuant to a written agreement with the IRS, is authorized to assist individuals and other foreign persons who do not qualify
Schwartz Intl Offers Assistance with the ITIN Application Process Read More »
We were pleased to have an article written by Marc Schwartz published in the May-June 2018 issue of the Georgia Society of CPAs Current Accounts magazine. The article – “Implications of the International Tax Provision” – summarizes the recent federal international tax reform and its impact in Georgia. Read and share the article: https://www.gscpa.org/Content/Files/Pdfs/Current%20Accounts/M.Schwartz_MayJun18.pdf
International Tax Reform’s Impact on state of Georgia Tax Read More »
Contact us today to discuss how we can assist with your international tax and legal matters.
