Tax webinar: 'What the two recently-published final GILTI regs mean for expat biz owners, tax pros'

Monte Silver, the Israel-based American tax attorney best known recently for his efforts aimed at forcing U.S. officials to fix a number of apparently unintentional but significant consequences for small business owners that were contained in President Trump's 2017 tax reform legislation, will host a free, two-part webinar on the so-called "global intangible low-taxed income" (GILTI) provisions of that tax reform package next Thursday, July 30.  

  • Tax

'Partial' GILTI tax victory seen in latest Treasury regs regarding 'high-tax exceptions' for foreign corporations

The U.S. Treasury Department on Monday issued what it said was a "final regulation" addressing how income earned by foreign corporations that has already been subject to a high rate of foreign tax may declared, in order to "allow taxpayers to exclude certain high-taxed income of a controlled foreign corporation from their Global Intangible Low Taxed Income (GILTI) computation on an elective basis".

  • Tax

AARO webinar answers expats' questions about CARES Act payments

Questions about whether children who turned 18 in 2020, or who won't be born until August, would be considered "dependents" for the purposes of receiving a U.S. government CARES Act rebate check were among the highlights of a recent, hour-long webinar sponsored by the Association of Americans Resident Overseas.

  • Tax

Israel-based Monte Silver to join AARO board, tax committee 

Monte Silver, the Israel-based American expat lawyer who made headlines last month when a U.S. District Court in Washington, D.C. said he and his fellow plaintiffs could go ahead with their legal challenge of a key component of President Trump's 2017 tax reform legislation,  is to join the board of the Paris-based Association of Americans Resident Abroad, and become chairman of its tax committee.

  • News

Fresh from DC court triumph, tax lawyer Silver unveils plans for road trip

Weeks after a U.S. District Court in Washington, D.C. ruled in his favor by denying a U.S. government effort to prevent him from legally challenging a key component of President Trump's December 2017 tax reform legislation, Tel Aviv-headquartered U.S. tax attorney Monte Silver has unveiled plans to undertake a  global road trip, to "meet all those who have supported the cause".

  • Tax
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Opinion

FBARs (FinCEN Form 114s), Form 8938s and Form 8966s: not just one but three ways Uncle Sam monitors Americans’ overseas holdings

FBARs (FinCEN Form 114s), Form 8938s and Form 8966s: not just one but three ways Uncle Sam monitors Americans’ overseas holdings

More American expats are familiar these days than they used to be with Foreign Bank Account Reports (“FBARs”), aka FinCEN Form 114s – which need to be filed by American...

Apr-07-2022